Today SoftBank subsidiary Line announced it is partnering with NuriFlex Inc to target a central bank digital currency (CBDC) platform for roll out in Africa and South America. Nuriflex targets utilities such as electricity and telecoms firms with software solutions. The KOSDAQ (Korea) exchange-listed company has a blockchain-based digital payment platform that has a deal with Cameroon’s national health insurance system.
Line Corp, which runs Japan’s biggest social network and Line Pay, was formerly owned by Korea’s Naver. As of March 1, Naver and SoftBank each own half and Line was combined with SoftBank’s Yahoo Japan holding company ZHD.
In terms of blockchain, Line has its own proprietary platform that it claims provides the settlement finality, speed, and scalability needed for a high volume payments system such as CBDC. It also operates payment and fintech services in countries like Thailand and says it is in CBDC discussions with various countries.
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