Messaging giant Kakao to launch its own crypto wallet 'Klip' later this year

Wallets • August 12, 2019, 1:30AM EDT
UPDATED: August 12, 2019, 5:04AM EDT
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

South Korean messaging giant Kakao is preparing to launch its own cryptocurrency wallet "Klip" later this year.

"Klip has released a teasing site ahead of its release in the second half of the year," an official from Kakao told News1 Korea on Monday.

The wallet is being developed by Kakao's blockchain subsidiary Ground X and will support the company's native token "Klay," as well as other cryptocurrencies based on its native blockchain "Klaytn," per the report.

HintChain, a blockchain-based food data marketplace, also confirmed the news in a blog post on Monday, saying: "Today, Klatyn’s crypto wallet Klip’s teaser website will be open as well and we are happy to say we are one of the partner services that are introduced first."

Source: HintChain

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri