SK Telecom, a South Korean telecommunications company, has just launched its own cryptocurrency wallet, developed in collaboration with Team Blackbird, the company behind CryptoQuant.
The wallet reportedly features tools to analyze blockchain data, which, according to Team Blackbird CEO Ki Young Joo, will help users invest and trade.
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The head of SK Telecom's Web3 team, Jong Seung Kim, has said that the move "will contribute to a flourishing crypto market in Korea, which is known for its high trading volumes and significant local interest."
The company announced it was working on its own wallet for digital assets in July 2022. At that time, blockchain companies AhnLab Blockchain Company and Atomrigs Labs participated in its development.
Money transfer service MoneyGram has previously announced its own non-custodial wallet for cryptos "that uses stablecoin technology." It will be introduced in the first quarter of 2024.