Crypto com and Line Xenesis Unite for Crypto Solutions Expansion in APAC

In a groundbreaking collaboration, Crypto com and Line Xenesis, the crypto and blockchain division of the popular messaging app Line, have come together with the mission of revolutionizing the crypto landscape across the Asia Pacific and the global crypto market. As part of this partnership, Crypto.com’s customized business solutions will be seamlessly integrated into Line’s extensive network, which boasts an impressive 200 million monthly active users.

Crypto com and Line Xenesis Unite for Crypto Solutions Expansion in APAC

The initial focus of this strategic alliance will be on enhancing Line Xenesis’ crypto offerings in Japan, with particular attention on its licensed crypto exchange, Line Bitmax. By leveraging Crypto.com‘s expertise and resources, the companies aim to strengthen Line’s position in the Japanese market and unlock new possibilities for crypto enthusiasts in the region.

“Enabling real-world utility is critical to our mission of mainstreaming crypto,” said Eric Anziani, president and COO at Crypto.com. “We will facilitate this utility by leveraging our respective expertise with a highly tech savvy base throughout the APAC region.”

Looking ahead, Crypto com and Line Xenesis envision exploring the integration of Non-Fungible Tokens (NFTs) and enhancing crypto payment capabilities. As NFTs continue to gain traction as unique digital assets, their integration could potentially open up exciting opportunities for creators and collectors alike. Additionally, bolstering crypto payment capabilities aims to provide users with smoother and more efficient transaction experiences.

Notably, this partnership aligns well with Japan’s progressive stance on cryptocurrencies. The country has been an early adopter in terms of crypto regulation, and its government remains dedicated to fostering further legislative advancements as the technology matures. Recently, Prime Minister Fumio Kishida hinted at an upcoming “large-scale metaverse project” to be launched by a major Japanese company, signaling the country’s commitment to advancing Web3 development.

Crypto com and Line Xenesis follow Crypto.com‘s successful acquisition of a digital token license in Singapore, which further strengthens its presence and capabilities in the region. On the other hand, Line had previously suspended its digibank project in Japan last March, making this Crypto com and Line Xenesis a significant move to expand its crypto-focused initiatives.