Line Corporation announces the launch of a crypto trading platform BITMAX. It will be directly linked to the LINE app through the LINE Wallet button and available to 81 mln of Japanese people that use LINE on a monthly basis.
XRP is among the few crypto coins BITMAX has announced its support for.
XRP gets massive exposure via LINE
BITMAX is a crypto trading service that can be accessed directly from LINE app using the LINE Wallet tab. It is promised to be simple and easy to use even for those who do not know anything about crypto trading or have zero experience in trading it.
BITMAX supports BTC, ETH, XRP, as well as BCH and LTC.
Japan has been on its way to turning into a cashless society, similar to China, with people actively using not only bank cards but also electronic payments daily, including purchases by means of a QR code.
Cryptocurrency is believed to be the future of Japan and this country is one of the biggest BTC markets, despite tough regulations on crypto exchanges that were implemented in 2018.
LINE Corporation has been a large part of implementing crypto in Japan. It has created its own blockchain LINK Chain and also last year it set up a crypto exchange BITBOX that works with users from around the world, except the US and Japan itself.
LINE has not only 81 mln users in Japan but also 164 mln users in other countries. By launching BITMAX, LINE plans to expose crypto to all of its customers globally.
Recent Ripple milestones
Recently, U.Today reported that Ripple has partnered with the world’s largest crypto ATM chain CoinMe. The community of XRP users and investors hopes that those crypto selling machines will now start working with XRP.
Also, as reported earlier on Tuesday, Ripple-backed startup Coil has announced a grant of $100 mln, partnering with Mozilla, to support its Web Monetization initiative and help users support the content makers they like with financial rewards.