Line, the operator of the Japanese messaging app, is to build a blockchain platform for a central bank digital currency (CBDC). The company expects Asian regulators to evaluate the solution, according to The Block.
It did not specify which central banks Line is in talks with. A company spokesperson said potential cooperation could be with regulators focused on developing CBDCs for micro-payments.
Line believes that potential partners will be drawn to the stability and scalability advantages its solution offers.
Earlier in August, Line unveiled the BITMAX Wallet and the LINE Blockchain Developers platform, enabling tokenisation of assets, token issuance and launching decentralised applications.
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