Japanese messaging application Line is launching the child blockchain company in South Korea

Japanese messaging application Line is launching the child blockchain company in South Korea

Japanese platform instant messenger/social network Line starts a child blockchain, a company just a few months after she announced that through its Line Pay service, you can make transactions in the cryptocurrency.

Be called subsidiary will Unblock and will examine the blockchain technology and its possible applications. Thus, the company aims “to add new value to your product through technological innovation, by combining blockchain technology with the various services on LINE”.

ZDNet also reports that the platform aims at combining cryptocurrency markets of South Korea, Japan and other Asian markets.

Recall that about two months ago, the company also announced the establishment Line Financial Corporation is a new company created as a platform for trading crypto-currencies and provision of credit and insurance. The Company Line Financial Corp., based in Japan, is also engaged in research in the field of blockchain.

The Japanese company is not the only one that actively penetrate into the sphere of cryptocurrency. Korean platform Kakao is also working on its own platform for trading cryptocurrencies, and recently there were rumors about the possible appearance of the same name token.

But perhaps topping the list is the messenger companies – Telegram, which recently completed the second round of ICO, the result of which was collected approximately 1.7 billion US dollars.

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