Kakao which is South Korea’s largest messaging application not only brought us the likes of KakaoTalk, KakaoTaxi and KakaoStory among others, but also turned head back in 2018 when it announced it was launching Klaytn, a DApp creator.
The platform which has an estimated 44 million users is now set to provide it’s users with crypto wallet that will be integrated within the community as per a report by local news media, fnnews on the 18th of March. As per the news report, this decision came after Samsung did the same and the Kakao crypto wallet will function similarly by providing it’s users access to digital assets for daily transactions.
According to the report, Kakao “will install a password wallet in KakaoTalk with the start of commercial service of block chain network “Clayton” under development by block chain affiliate ground X.”
Kakao is still contemplating whether to launch the service or not but when made avaiable, will mean that the messaging app’s 44 million users will be able to engage with cryptocurrencies and digital tokens via the platform and with much ease.
According to one industry official,
“Cacao also needs a password wallet that can easily send and receive cryptograms to be used in Clayton. It is the best service to use as a wallet. “
As per the report, the company’s officials were still a bit shady about some of the finer details, especially regarding the KakaoTalk wallet as an official said,“I am worried about various ways to develop the technology of the block chain, but I can not confirm it with certainty.” Although the company has yet to officially confirm the news of integrating a blockchain wallet, there is no doubt that the South Korean internet conglomerate is dedicated to experimenting with blockchain based technologies.
This dedication can be seen with the recent token sale where Kakao’s subsidiary, Ground X raised a whopping 90 million dollars in a private coin offering. The Klatyn project has been dubbed as an “incentivised blockchain co-work community” where developers and users have the chance to earn tokens and rewards for helping out the community and contributing.