Korean Internet Giant Kakao Teases Its Crypto Wallet for 50M Users
Marie Huillet's original article for cointelegraph.com reduced by 44%
South Korean internet giant Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip. According to a report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as part of the "More" tab on its messaging app KakaoTalk - the platform into which the real wallet will eventually be integrated.
50 million active users will have access to the wallet. The Klip wallet - developed by Kakao's blockchain subsidiary, GroundX, will allow users to store the Klaytn they earn online. With a focus on supporting applications such as finance, content creation and blockchain-powered games, the wallet will also reportedly support non-fungible tokens.
With 50 million global KakatoTalk users as of June 2019, GroundX CEO Han Jae-Sun has emphasized that the decision to integrate the wallet into the popular messaging app was a matter of maximizing cryptocurrency accessibility. According to an unnamed Kakao official, the Klip wallet is expected to launch in the second half of this year.
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