50 Million-user Chat App KakaoTalk Launches Crypto Wallet Today

50 Million-user Chat App KakaoTalk Launches Crypto Wallet Today 101 Source: Klaytn.

South Korea’s Kakao Group, the operator of the KakaoTalk chat app, says that its long-awaited crypto wallet Klip debuts today– in theory offering most of the nation with instant access to cryptoassets.

KakaoTalk declares to have around 45 million regular monthly active users in South Korea (87% of the nation’s total population), with up to 5 million livingoverseas The wallet, called Klip, will be available as a tab in the KakaoTalk user interface– which already has e-banking and e-pay tabs.

South Korean media outlets have actually declared that the wallet will allow KakaoTalk users to choose-in to Klip, where they will have the ability to “store and exchange various digital assets.”

Some think that the wallet will allow users to send out and get tokens– perhaps creating millions of new crypto users.

It is not clear whether this will be a full- blown crypto exchange platform, or which tokens it will manage, although Kakao is practically particular to list its Klay token– the native coin of its Klatyn blockchain network.

Per Yonhap, an official from Kakao’s blockchain subsidiary GroundX validated, that the Klip crypto walet will be launched today.

On the other hand, the other day, in a tweet, Klaytn specified that an “official announcement” was upcoming, which Klip would allow consumers to “experience digital assets.”

One of Kakao’s greatest competitors is the online search engine giant Naver, the creator of the Line chat app. Line has made really couple of inroads in the domestic market, it has actually been a roaring success in Japan– where it has actually introduced its own certified crypto exchange and wallet service, Bitmax, which is also connected to its chat app.

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