Japan’s LINE Starts Crypto Lending Service

Back in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30 digital assets. Now Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). The Japanese messaging software company, Line Corp., is a firm that developed the freeware application called “Line” for instant communications on a myriad of electronic devices. According to statistics, Line has roughly 80 million registered users leveraging the messenger. The Line app launched in 2011 is....

SBI plans to add support for Ether and XRP lending in the near future. Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade.According to an official announcement on Nov. 24, the new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a rate of 1% with taxes included.The new service, dubbed VC Trade Lending, will initially support the major cryptocurrency Bitcoin (BTC), with SBI further planning to add support for Ether (ETH) and XRP. The minimum lending amount is 0.1 BTC,....

Users of SBI's cryptocurrency exchange can lend XRP for a return of 0.1% per annum.

Japan’s top social network and messaging app, LINE, has launched a marketplace for non-fungible tokens (NFTs). The new service allows 90 million LINE users to send and exchange NFTs with their friends. ‘LINE NFT’ Marketplace Launched LVC Corp., the operator of LINE’s crypto asset and blockchain businesses, announced Wednesday that it has launched LINE NFT, a non-fungible token marketplace available only in Japan. LINE described itself as “the fastest-growing mobile messenger app in the world.” It offers free messages, voice calls, and video calls.....

Japan’s ruling party has called for the creation of the long-awaited rules for crypto exchange-traded funds (ETFs) and promotion of yen-denominated stablecoins in the region in a new proposal to the government. Related Reading: Crypto Founder Predicts This Altcoin Sweetheart Will Overtake Solana, But How Far Will It Go? Japan’s Ruling Party Pushes For Crypto […]