The spilling of blockchain and its applications to existing industries has become very popular. LVC Corporation a Japanese organization poised at providing information technology services, developing designs, develops systems, structures, processes and instrument.
It’s a subsidiary of chat giant line after its establishment in 2018, it obtained license to operate a crypto exchange. Yesterday the crypto subsidiary launched its cryptocurrency Link in Japan.
The exchange BitMax after its licensing was engaged in a system development to prepare for the eventual debut of Link. In the international space Line already began trading on its BitBox cryptourrency exchange at mid 2018 but because of the stern national regulations in Japan the corporation had to wait to obtain a license from local financial regulators even before the BitMax launch in Japan.
Link has allowed its holders to access wide range of services and decentralized applications (DApps). In recent times chat giant line isn’t the only social application that engaged in establishing its crypto economy with the likes of KiK, Telegram, Whatsapp and Facebook actively exploring crypto options and applications with Kik and Telegram facing legal battles with the united states securities and exchange commission over alleged sale of unregistered securities to the us citizens.
These are the few hindrances these social media giants face in crypto adaptation. The Facebook Libra stablecoin also had its own pushback with regulators and this idea alone has sparked a wider discussion about digital currencies globally.
These are what Link has leveraged upon to push and propagate its presence in Japan not forgetting last year Line also announced its token and its blockchain network LINK Chain. It gave way for the Japanese financial holding company Nomura signed a memorandum of understanding with Line and LVC Corporation to discuss establishing a blockchain based financial business alliance. Line pay partnered with payments behemoth Visa to create new financial service experiences for their general user base.