LVC Corporation, the crypto subsidiary of messaging giant Line, will launch trading of its proprietary cryptocurrency Link in Japan in April.
According to a press release on Jan. 30, LVC is also developing a system meant for Link’s debut in Japan on its local cryptocurrency exchange BitMax.
Line already began Link trading on its international BitBox cryptocurrency exchange in mid-October 2018. Due to stricter national cryptocurrency regulations in Japan, LVC had to wait to obtain a license from local financial regulators in September 2019 before launching its BitMax cryptocurrency exchange in the country.
According to its official website, Link allows its holders to access a wide range of services and decentralized applications, or DApps.
Line is not the only social application that is currently attempting to establish its own crypto economy. Other examples are messaging apps Kik, Telegram, Whatsapp and social media giant Facebook.