South Korean Kakao to Launch Crypto Wallet Next Year
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Nov. 29, 2019
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One of the leading South Korean internet companies Kakao will launch its own cryptocurrency wallet in Q1, 2020, a local news outlet Hankyung reports citing a fellow of blockchain-developer at Kakao, Joong-Ho Cho.

LG Partners with Kakao's Subsidiary to Expand Blockchain Usage

Joong-Ho claims the cryptocurrency wallet, which is developed by Ground X, a subsidiary of the company specialized in blockchain, will be released in the first quarter of next year and will be installed in KakaoTalk messenger.

Joong-Ho adds Ground X is also working on user-friendly services such as web browser-based digital wallet 'Cicas', a blockchain-based identity authentication system, and a library for developers.

Last year, Kakao introduced a blockchain platform called 'Klaytn.'

The main use of Klaytb is to make blockchain more affordable and applicable for end-users by eliminating traditional inconveniences such as wallets, private keys, and cryptograph addresses.

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