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
The Block

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.

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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

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