Chat app Line announce plan for cryptocurrency services, loans and insurance

Chat app Line announce plan for cryptocurrency services, loans and insurance

6 years ago
Anonymous $v9r5mEH86V

https://techcrunch.com/2018/01/30/line-cryptocurrency-insurance-and-loans/

Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others.

The Japanese company told announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans and insurance. Line already operates a payment service — which claims 40 million users $4 billion in annual GMV — but now it plans to do much more.