<p>Japanese messaging giant LINE is in discussions with Asian central banks regarding possibly working on digital currency projects, a spokesperson of the company told The Block.</p> <p>"Our aim is to provide a blockchain platform that is fit for CBDC [central bank digital currency] based on LINE Blockchain," said the spokesperson. LINE launched its blockchain platform for developers in August.</p> <p>It is not clear which Asian central banks LINE is in talks with, but a report from Korean news outlet IT Chosun <a href="http://it.chosun.com/site/data/html_dir/2020/10/18/2020101800844.html">notes</a> that the company would work with central banks focused on developing digital currencies for micropayments.</p> <p>The Bank of Korea, for instance, <a href="https://medium.com/@moonxfamily/south-korea-central-bank-conducts-research-into-global-adoption-of-cbdcs-d9a555de55bb">could trial</a> its CBDC for micropayments. A recent report from the central bank <a href="http://www.bok.or.kr/portal/bbs/P0000559/view.do?nttId=10058218&amp;menuNo=200690">noted</a> that other countries like Uruguay, Bahamas, and Cambodia are also developing CBDCs for micropayments to reduce money management costs.</p> <p>Last month, payments giant Mastercard <a href="https://www.theblockcrypto.com/linked/77300/mastercard-customizable-cbdc-testing-platform">launched</a> a "virtual and custom" testing platform that will allow central banks to evaluate digital currency systems.</p>