KakaoTalk Rolls Out Crypto Wallet "Klip"
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3 June
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Popular South Korean chat KakaoTalk has finally launched its own blockchain-based digital asset wallet called Klip.

Developed by Ground X, the wallet is integrated into the KakaoTalk chat, a mobile messaging app used by more than 90% of the South Korean population.

According to an official press release, Klip allows storing and transferring cryptocurrencies obtained from Klaytn-based blockchain apps across different verticals such as social networking, gaming, and e-commerce.

Initially, Klip will support only 11 Klaytn-based cryptocurrencies (KLAY, BOX, BPT, PIB, HINT, ATT, TEMCO, BNS, PXL, ISR, COSM) as well as a multitude of Non-Fungible Tokens (NFTs).

The number of Klaytn-based cryptocurrencies and NFTs that will be supported in Klip will increase gradually over time, the press release says.

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It is unknown whether the wallet will add support for bitcoin (EXANTE: Bitcoin) or ether (ETH).

Blockchain-developer at Kakao, Joong-Ho Cho, said last year that 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.

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