The Japanese controllers approved the proposed merger between the Line monster application for visitation and the Softbank-sponsored Yahoo Japan.
According to various news sources, including Fn News, the Japan Fair Trade Commission, the administrative body responsible for managing monetary competition in the country, authorized the implementation of the agreement.
In any case, the world may have to endure a little longer before the new technical goliath presents itself on stage. Advanced Today clarifies that, despite the fact that administrators would like to complete the merger by the end of September this year, it now appears that the organizations will conclude the agreement on 28 February due to delays due to the coronavirus pandemic.
These two firms have different associations of cryptography – and the arrangement could make another Asian crypto-behemoth.
The line was created by Naver, the greatest scanner administrator in South Korea. Since then, it has evolved into another organization headquartered in Japan, where it is said to have up to 81 million dynamic customers per month, despite the huge customer base in South-East Asia. However, Naver still has considerable enthusiasm for the Line, and numerous South Korean news sources refer to it as an “auxiliary Naver”.
Line works with various cryptocurrencies, including the authorized Bitmax exchange phase in Japan, which directly interacts with the Line talk application. He also works with beatbox with Singaporean auxiliary equipment.
Naver is also an important speculator in the Blockchain business and in the Blockchain game.
At the same time, Yippee Japan is a 40% investor in the Taotao cryptocurrency, which it links to records of 50 million. Yahoo Japan dynamic record holders.
Yippee Japan, which is 48% owned by Softbank, additionally runs Paypay, an electronic payment stage that uses Moneytap Ripple.
Similarly, it was a terrific day for Line, which now has additional administrative approval to add its local connection token (LN) to Bitmax. LN pairs will be included in Bitmax on August 6.