[NEWS] PayPay teams up with LINE BITMAX to allow cryptocurrency purchases from just 1 yen

LINE Xenesis, a LINE subsidiary that operates cryptocurrency and blockchain businesses, announced on the 6th that it has begun offering a "PayPay Linkage Service" that enables cryptocurrency purchases and withdrawals through PayPay.

By linking their PayPay account with LINE's cryptocurrency trading service, LINE BITMAX, users can now purchase cryptocurrency from PayPay Money and charge their deposit balance at the exchange to PayPay Money.

Users can link their accounts by clicking "PayPay Quick Purchase" or "Withdrawal to PayPay." If you have a PayPay Money balance, you can withdraw from LINE BITMAX 24 hours a day, 365 days a year, starting from 1 yen, without having to go through a separate deposit procedure.

Until now, LINE BITMAX has supported bank account deposits and LINE Pay deposits and withdrawals as payment methods for purchasing cryptocurrency. By linking with PayPay, which has exceeded 58 million registered users, it has the potential to further improve convenience and contribute to the experience and spread of cryptocurrency.

In its announcement, LINE Xenesis stated that it aims to provide an opportunity for PayPay users who have never purchased crypto assets before to hold them.

According to the company, this is the first service in the crypto industry that allows users to purchase and withdraw crypto assets in conjunction with PayPay Money.

This service is available to users who have completed identity verification with LINE BITMAX, completed identity verification with PayPay, and agreed to account linking. There are no fees for purchases or withdrawals.

The purchase and withdrawal limits are 500,000 yen in 24 hours and 2 million yen in 30 days, and the withdrawal limit for users who have not completed the "simple identity verification via smartphone" is 100,000 yen.

Reference:Announcement
Image: Quoted from the LINE Xenesis announcement