LINE 'BITBOX' Cryptocurrency Exchange Service Will Be Available in Indonesia

After announcing the release of the BITBOX cryptocurrency exchange service worldwide during the 2018 LINE Conference, to DailySocial LINE Indonesia confirmed that the service will also be available in Indonesia.

BITBOX service can be accessed at situs special starting in July 2018 and will provide more than 30 popular cryptocurrencies to users around the world (except Japan and the United States).

“With BITBOX, LINE users will be able to easily access cryptocurrencies, but are also protected with the latest security systems to protect their assets,” said Takeshi Idezawa, CEO of LINE Corporation.

Later BITBOX will trade popular coins such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, and offer a low 0.1% exchange fee. The coins available have gone through a rigorous selection process by the BITBOX team, selected by an internal committee to offer a trusted and secure cryptocurrency exchange for users. In keeping with its commitment to protect user data, LINE brings its trusted security system to cryptocurrency exchanges.

"As a core part of the new LINE financial service, BITBOX is committed to meeting the growing demand for a wide range of financial service options," said Idezawa.

Officially launched July 2018

When asked whether the new service will be integrated with LINE's products, in particular, the new service is committed to meeting the high demand for a variety of financial service options. In the future, BITBOX will not only provide easy access for LINE users to cryptocurrencies, but also provide the latest security system to protect their assets. The services presented are fully focused on exchanging cryptocurrencies to cryptocurrencies and do not provide a flat currency exchange.

Previously at the same event. LINE Corp also announced that it will release LINE Travel, which is a unified service for searching, comparing, and booking domestic trips. Users can search for the best deals from over 250 popular travel sites. The feature will be rolled out in stages, starting with accommodation bookings, followed by domestic and international flights and tour packages by the end of 2018.