Seeking Alpha
2022-02-09 19:31:40

Japanese messaging app LINE to trial its native crypto for some merchant payments

A subsidiary of Japan-based messaging app LINE will offer its native crypto, LINK (LN-USD), as a payment option at some online merchants for a trial period, according to a release. The trial period will take place from March 16 to Dec. 26. LINE Pay, the operator of the company's digital wallet and fintech services, also considered adding other assets such as bitcoin (BTC-USD) and ethereum (ETH-USD) as payment options. "By connecting LINK to LINE Pay as a payment solution, LINE Pay aims to expand users' payment options, increase convenience, and grow the real-life usages for LINK," the company said. Meanwhile, LINK (LN-USD) tokens rise nearly 8% intra-day, bitcoin (BTC-USD +3.6%) drifts higher to $44.4K per token and ether (ETH-USD +6.2%) jumps to $3.2K. Previously, (Jan. 6) Tencent added digital yuan support to its mobile wallet WeChat Pay.

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