KaKao Whets Users Appetite with its Klip Crypto Wallet Teaser | BTCMANAGER
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Kakao, the company in charge of South Korea’s most popular messaging app, Kakao Talk, has given cryptocurrency enthusiasts a glimpse of its Klip cryptocurrency wallet. Klip is being developed by Kakao’s blockchain subsidiary, GroundX and it’s designed to support non-fungible tokens (NFTs), decentralized applications (dApps) as well as digital assets of projects on Kakao’s Klaytn blockchain network, once it goes live later this year, reports News1 Korea on August 12, 2019.
Klip Crypto Wallet Almost Ready
It appears the crypto ambition of South Korea’s instant messaging and internet giant Kakao is moving on as smoothly as possible, and the firm is now putting the finishing touches to its multi-purpose crypto wallet.
Per sources close to the matter, Kakao has let users take a sneak peek into its Klip digital assets wallet which is scheduled to go live before the end of 2019, by making a simple preview of the app available in its messaging application.
Reportedly, Klip will be the native wallet of Kakao’s blockchain ecosystem and it would support a vast array of applications such as finance, blockchain games, content, and non-fungible tokens (NFTs).
Since the launch of its blockchain network in October 2018, Kakao’s Klaytn has attracted many partners.
In November 2018, Kakao inked a partnership deal with Terra to develop a payments system as well as a stablecoin that would be powered by Klaytn.