Japanese messaging app Line operator to start cryptocurrency

TOKYO (Reuters) – Japan Line Line announced today that it will launch a cryptocurrency in September, as the company seeks to build a wide range of companies using its popular messaging app as a platform.

The Line Corp logo was seen at the company's headquarters in Tokyo, Japan, on January 25, 2017. REUTERS / Toru Hanai

The company claimed that the "LINK" digital currency will be assigned as a reward to users of its services and could be exchanged with other cryptocurrencies to its encrypted exchange, BITBOX. The currency is not available to users in Japan and the United States for regulatory reasons, he said.

The line said that LINK digital coins would be used as payments or rewards within its blockchain-based app services.

Report of Taiga Uranaka; Editing by Stephen Coates

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