• Wed, 20 Nov 2019, 02:14 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Kakao to launch cryptocurrency wallet 'Klip' this year

Mon, 12 Aug 2019, 08:27 am UTC

South Korean messaging giant Kakao is going to launch cryptocurrency wallet “Klip” in the second half of 2019, TokenPost Korea reported.

As per the report, the company unveiled the teasing page of the crypto wallet under the ‘More’ tab in KakaoTalk.

Klip is a cryptocurrency wallet that is being developed by Kakao’s blockchain subsidiary Ground X. This marks the first time that Kakao has introduced the cryptocurrency wallet and its functions.

The wallet, which is equipped with blockchain technology, will reportedly support a number of services such as finance, games, and content. In addition, Klip will support the storage of KLAY and Klaytn-based cryptocurrencies.

Klaytn is a public blockchain platform being developed by Ground X. The platform mainnet was launched in June.

The wallet function will be reportedly added to KakaoTalk, meaning that users would be able to easily manage their digital assets through the mobile app with the need to install a separate app. According to the official website, Klip will allow sending and receiving digital assets in real-time.

Local news outlet News1 quoted a Kakao official saying (via online translation):

“Klip has released a teasing site ahead of its release in the second half of the year."

Earlier this year, Ground X raised $90 million in a private coin offering that saw participation from IDG Capital, Cresendo Equity Partners, and Translink Capital.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,222.09 (-1.78%)
  • Ethereum (ETH) $178.10 (-1.82%)
  • XRP (XRP) $0.258000 (+0.30%)
  • Bitcoin Cash (BCH) $245.39 (-2.62%)
  • Litecoin (LTC) $56.59 (-1.07%)
  • Bitcoin (BTC) $8,222.09 (-1.78%)
Nov 19, 2019 (Tuesday)
Crypto exchange Gemini acquires NFT platform Nifty Gateway
Weibo suspends accounts of Binance and Tron amid fresh crackdown of crypto businesses in China
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: XLM/USD breaks below 50-DMA, hits 3-weeks low (0.0645), bias bearish
Binance unveils fiat-to-crypto gateway for Turkey
U.S. SEC to review Bitwise’s Bitcoin ETF proposal; Reason behind the revisit still unclear
Factom wins second DHS SVIP award to develop blockchain-based anti-forgery solution
Blockchain-based payment processor RadPay secures $1.2M in a series seed round
National Advisory Council urges FEMA to adopt blockchain tech to increase aid efficiency for disaster-stricken areas
Crypto Technicals: BCH/USD breaks 4H 200-SMA support, hits 4-week lows at 237.50, bias lower
Nomura’s joint venture ‘Boostry’ releases official webpage of its security token platform
Fledgling crypto money lending platform raises $25M led by Andreessen Horowitz
Crypto Technicals: ETH/USD ends consolidation, break below 50-DMA and rising volatility support downside
Indian state of Telangana to adopt blockchain tech to fight fraudulent academic certificates
Crypto Technicals: LTC/USD breaks below 50-DMA, bias strongly bearish
German airline successfully uses first blockchain-powered tickets
SBI Ripple Asia, SBI Remit launch first Japan-Vietnam money transfer service using distributed ledger technology
Crypto Technicals: BTC/USD finds strong support at 55W EMA (7952), consolidation likely before next leg lower
Cashaa to cater U.S. crypto businesses; Account set-up fee is around $1,500
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.