News of the groundbreaking tech innovation of an app-connected crypto exchange from popular Japanese messaging giant, Line, shook the crypto and tech world this recent times. Not only the Japanese messaging giant, other apps that were not crypto related before are now synchronizing crypto into their operations, showing an increase in crypto adoption and popularity.
The Debut of an App-Connected Crypto Exchange by Japanese Messaging Giant, Line
Founded 8 years ago (2011), Line has grown in popularity from Japan to the rest of Asia. An innovation from Naver Corporation, which began the aftermath of the Tohoku earthquake as a simple SMS chat app has upgraded to a digital wallet. Now it has even gone further with its launch of Bitmax.
Bitmax is a smartphone-enabled crypto exchange app that supports digital assets like BTC, ETH, LTC, XRP, and BCH. A crypto token project by Line going by the name Link (LN) is being undertaken at the moment.
Telegram’s Token Also in the Offing
Yet still surrounded with some measure of ambiguity, Telegram’s project, Ton network (Ton an acronym for Telegram open network) and also an accompanying token gram is causing a stir in the crypto world as we speak. The network has released its source code and is been tested at the moment. The launch of the network which is slated for a later date this year has already stirred up the excitements of telegram users who are anticipating its release. The network will run on a PoS system (proof of stake). Telegram success will sure go a long way if this is achieved.
Cash App to Follow the Trend
Popular US-based App, Cash App is also taking the lead in the crypto adoption trend. The Cash App started 4 years ago(2015) under the name Square Cash and upgraded in the year 2018 by synchronizing Bitcoin with its system. The mobile payments service experienced monumental growth and success this year which many ascribe to its inclusion of BTC components in its system.
Cash App surpassed other competitors like PayPal’s Venmo in popularity and expectations due to this. However, it may soon hit a brick wall following the non-inclusion of other coins like Bitcoin cash.
More than ever before, the world has gone digital with the usage of smartphones and e payment systems, so the current trend of crypto adoption has come to stay. Bearing in mind that Cryptocurrency has an advantage of safeguarding user privacy.