Cryptocurrency exchange Crypto.com and messaging app developer LINE Xenesis Corporation have partnered by signing a Memorandum of Understanding (MoU).
The companies will initially focus on expanding LINE Xenesis' licensed crypto offerings in Japan as well as promoting and implementing innovative crypto-related business solutions in Asia and beyond. In addition, the partnership aims to enhance LINE Bitmax liquidity, strengthen cryptocurrency payment capabilities, and promote the NFT initiative, according to Crypto.com.
The MoU will also enable LINE Xenesis' regional and global partner network to leverage Crypto.com's technology and product development potential.
"We are excited to partner with such an established and innovative brand in the APAC market and a leader in blockchain technology development in Japan," said Eric Anziani, president and COO of Crypto.com, commenting on the partnership.
"Through our collaboration with LINE Xenesis, we will make it much easier to popularize crypto," he added.
"We are excited to see the synergies created by our partnership with Crypto.com, which has more than 80 million enthusiastic users worldwide, with LINE Xenesis' blockchain business in Japan. Starting with this collaboration in the Japanese market, we hope to work towards new business opportunities globally based on the technology and knowledge of our two companies," said Lim Inkyu, president and CEO of LINE Xenesis.
Earlier, Crypto.com opened access to Bäumer Vendôme's NFT collection.
