Line researches cryptocurrencies for payment services

Anonymous source reports that main goal of popular Asian messager project is to create a large-scale ecosystem based on the Line messenger
10 January 2018   505

Line Corp. works on the integration of cryptocurrency into its own messenger, Bloomberg reports with reference to an anonymous source.

The platform operator is negotiating with several companies that can help him develop payment services based on the criterion, including Line Pay. The main goal of this project is to create a large-scale ecosystem based on the Line messenger, which will attract users and make them return to the company's products more often.

Line is well-known in Asia for its cute and expressive stickers that people share with each other, has been shifting its business toward advertising in recent years, beating analyst profit estimates in the latest quarter. The company has 168 million monthly active users in its main markets of Japan, Taiwan, Thailand and Indonesia. 

Capitalization of Line is 1.2 trillion yen ($ 10.6 billion). The platform is used by about 168 million people a month. The main markets for Line are Japan, Taiwan, Thailand and Indonesia. In addition to the messenger platform provides access to a variety of services, from food delivery and job search to video streaming.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.