LINE’s virtual asset and blockchain-related business organization, LINE Xenesis Corporation and PayPay Corporation have announced the launch of the “PayPay Linkage Service”, which will allow users to use PayPay Money to purchase virtual assets and cash them out into PayPay Money on cryptoasset trading service “LINE BITMAX.”

Launched in 2019, “LINE BITMAX” is a cryptoasset trading service that can easily and conveniently be used on “LINE” in 2019. Since its launch, the ease of using the service on LINE and being able to trade all virtual Assets in values as small as 1 yen meant that even inexperienced virtual Asset traders and beginners can use the service.

Virtual Assets can be purchased on “LINE BITMAX” through bank transfers and the service has been also available for “LINE Pay” deposits and withdrawals.

“PayPay,” which now boasts more than 58 million registered users, is now available through the “PayPay Linkage Service.”

Using this service, users will be able to link their “PayPay” and “LINE BITMAX” accounts and newly purchase virtual Assets using PayPay Money (“PayPay Quick Purchase”) and cash out their “LINE BITMAX” balance deposits to PayPay Money (top-up). Users can proceed to link their account from “PayPay Quick Purchase” or “Cash Out to PayPay”.

If users already have PayPay Money balance, they do not need to deposit money separately; instead, they can purchase virtual Assets from just 1 yen on “LINE BITMAX” itself, twenty-four hours a day, 365 days a year.

By further enhancing integration with cashless payment services, LINE BITMAX users can now enjoy the convenience of having more payment methods available to them. For PayPay users who have never purchased virtual Assets before, they will now have the opportunity to own virtual Assets in values as little as 1 yen in PayPay Money.