Japanese messaging app Line's challenge into the cryptocurrency exchange business
Hello, smart investors who aim for early retirement. I would like to look at the Japanese messaging app Line's challenge into the cryptocurrency exchange business.
Japan's Line to launch cryptocurrency exchange amid hacking fears
Line is the smallest player in the global messaging / micro brog sector.
Source: Yahoo Finance
Alphabet: Allo, Microsoft: Skype, Facebook: Messenger / WhatsApp, Tencent: WeChat, Rakuten: Viber
Line's MAU is around 168 million at 9/30/2017, on a downward trend
Revenue is increasing due to advertising and other segment which includes fiat payment processing.
The total return of LINE shares is as follows. Line is in the middle of this sector.
Source: StockCharts
In the beginning of January, some presses reported that Zuckerberg would do research on the issue of FB cryptocurrency to fix the platform.
Zuckerberg to Study Crypto in Quest to Fix Facebook
Telegram, which has 100 million MAU, also announced its plans of ICO for chat cryptocurrency.
Telegram plans multi-billion dollar ICO for chat cryptocurrency
Kik, a Canadian messaging app, has issued a cryptocurrency ahead of the others and keeps the 2nd largest market capitalization in the media sector.
Performance of Top 5 in media sector and Bitcoin is as follows;
Source: CryptoCurrencyChart
Cryptocurrency wallet startups will enter into messaging as they become gateways for various financial services. On the contrary, it is extremely natural for messaging companies to erode the cryptocurrency business, so I will continue to watch this battle in the future.
Buffett Proverbs which are always helpful!
“In a difficult business, no sooner is one problem solved than another surfaces – never is there just one cockroach in the kitchen”
