This is a great news....
January 31, 2018 – LINE Corporation (“LINE”) established a new company, LINE Financial Corporation (“LINE Financial”), as follow-up to LINE Pay – a mobile money transfer and payment service available on the LINE messaging app.
LINE Pay,” the company further reinforces its position in the financial business domain with insurance, loan, virtual currency (cryptocurrency), and more.
LINE Financial Corporation will continue closing the distance between people, their money, and services. LINE hopes to become a leader in the FinTech industry as the world moves increasingly towards a cashless wallet-less society.
The application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently under review.
LINE Financial Corporation Overview
Company name: LINE Financial Corporation
Representative: Takeshi Idezawa, Representative Director (currently the Representative Director, President, and CEO of LINE Corporation)
Directors: Jun Masuda (currently a Director of LINE Corporation)
In Joon Hwang (currently a Director of LINE Corporation)
Total capitalization: JPY 5,000,000,000
https://cointelegraph.com/news/major-japanese-chat-app-line-to-open-crypto-exchange-for-its-200-mln-monthly-users
January 31, 2018 – LINE Corporation (“LINE”) established a new company, LINE Financial Corporation (“LINE Financial”), as follow-up to LINE Pay – a mobile money transfer and payment service available on the LINE messaging app.
LINE Pay,” the company further reinforces its position in the financial business domain with insurance, loan, virtual currency (cryptocurrency), and more.
LINE Financial Corporation will continue closing the distance between people, their money, and services. LINE hopes to become a leader in the FinTech industry as the world moves increasingly towards a cashless wallet-less society.
The application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently under review.
LINE Financial Corporation Overview
Company name: LINE Financial Corporation
Representative: Takeshi Idezawa, Representative Director (currently the Representative Director, President, and CEO of LINE Corporation)
Directors: Jun Masuda (currently a Director of LINE Corporation)
In Joon Hwang (currently a Director of LINE Corporation)
Total capitalization: JPY 5,000,000,000
https://cointelegraph.com/news/major-japanese-chat-app-line-to-open-crypto-exchange-for-its-200-mln-monthly-users
Sounds quite good. I wish I knew more about the Japanese market, because I feel that many of the opportunities are going to happen there with so many large companies and people that love innovation.
It's a good news for me. I thought that there will be more companies will try to take the same step with line soon.