Some more fantastic news out of Japan, as BITMAX a virtual currency trading service that can be accessed from the “LINE Wallet” tab on “LINE”, which is used by more than 81 million people monthly in Japan, and is secure and easy to use even for those who are not experienced with virtual currency trading has listed XRP. BITMAX in a press release this morning has stated that they will be dealing with the Top 5 digital assets:
Here is the official screenshot from the BITMAX android app and you can clearly see XRP is listed.
So why is this a big deal? BITMAX is accessed through the line wallet, which is used by 81 million people a month in Japan. Not only is XRP loved in the West. but this service makes it easy for anyone to purchase to XRP. LINE Pay is the official app and is geared toward the domestic market, not the institutions.
Another very important thing to realize is that the LINE Corporation has filed with the SEC!
BITMAX is fully equipped with the BITGO Wallet. Why is this a big deal – BitGo Selected By Ripple To Provide Multi-Signature Security, Advanced Treasury Management & Additional Enterprise Functionality For XRP.
BITGO has stated:
“Ripple enables banks and payments businesses to settle cross-border payments in real-time, with end-to-end transparency, and at a lower cost. XRP can be used as the primary transfer mechanism for institutions to further reduce costs, offer greater liquidity and provide access to new corridors. In fact, Ripple reports that businesses using XRP for liquidity between currencies can cut their settlement costs up to 60 percent and expand their reach into new markets.”
Key Features of BITMAX:
1. Provide safe and secure services by taking safe and secure security measures Since LINE launched, since 2011, LINE has provided various services with the highest priority on security in order to facilitate communication among many users. I have been doing it. A team with a proven track record of designing, building and operating the LINE platform is building the BITMAX security environment. In cryptocurrency, we are fully equipped with the wallet of BitGo Inc. (Headquarters: California, USA & CEO & Co-founder: Mike Belshe), which provides the world’s most advanced technology. In BITMAX, we clearly manage customer assets and our assets, and we introduce cold wallet management for the virtual currencies we handle. For wallet management, we will establish a dedicated team to strengthen the system and provide services with the highest priority on security and safety.
2. Cooperation with Mobile Money Transfer and Settlement Service “LINE Pay” Linking with “LINE Pay” makes it possible to quickly deposit and withdraw Japanese yen. In addition, if you have already verified your identity with LINE Pay, you can shorten the identity verification process with BITMAX. In addition, you can choose to deposit in Japanese yen from “LINE Pay” or from a bank account registered with “LINE Pay”.
3. Easy access from the LINE app, available for purchase for a small amount “BITMAX” is accessible from the “LINE Wallet” tab on “LINE”. Easy to use with UX. In addition, since transactions can be made from 1,000 yen or less, those who want to try virtual currency trading, those who want to trade with a small amount, etc. can easily access and trade from your LINE.
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