LINE Plus Corporation

NuriFlex Inc. and LINE Plus Corporation Sign MoU for Central Bank Digital Currency (“CBDC”) Projects

Retrieved on: 
Thursday, May 27, 2021

NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.

Key Points: 
  • NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.
  • Combining these experiences with blockchain technology, NuriFlex intends to work with a very reputable global partner, LINE Plus Corporation, on global CBDC projects that require a platform that can handle vast volumes of data.
  • LINE Plus Corporation, the Korea-based subsidiary of LINE Corporation leading LINEs global business development, has been researching, developing, and operating blockchain-related services including a CBDC blockchain platform with a dedicated blockchain engineering team.
  • LINE Plus Corporation was established in March 2013 in South Korea as a subsidiary of LINE Corporation.