Japanese users will soon be able to use the LINE app’s native token LINK(LN) for payments at some online merchants as a trial from March 16th to December 26th of 2022.
The announcement of LINE Corporation read that during the trial run, users will be able to use LINK token at LINE Pay online merchants in the same way that they use LINE Points, with no commission fees.
By connecting LINK to LINE Pay as a payment solution, it aims to broaden users’ payment options, increase convenience, and expand LINK’s real-world usage.
LINE has been steadily expanding the practical usability of LINK, which is based on its own blockchain network, LINE Blockchain.
LINE Pay says it’s been thinking about adding other cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), to its payment options in the future, as well as strengthening its partnerships with blockchain companies. LINE Blockchain will focus on connecting LINK with users’ everyday lives and contributing to the popularisation of crypto assets under the “Designed for Everyone” vision.
In Japan, Bitcoin and other digital currencies are largely governed by the Payment Services Act (PSA), and crypto-related activities are not prohibited. Recently, Japan’s Mitsui & Co. issued the first crypto linked to gold prices titled “Zipangcoin”.