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#South Korea’s Biggest Messaging Platform KakaoTalk Plans a Crypto Wallet Integration



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19th March 2019,
KakaoTalk wants to leverage blockchain-based crypto transactions providing instant and low-cost payments service to its 44 mil users.
During the last few weeks, global technology conglomerates are seen heating up to the crypto sector. 

 In the latest development, South Korean technology giant Kakao is arranging a crypto wallet integration on its most popular messages platform KakaoTalk.

 On Mon, March 18, local information publication fn news reported that KakaoTalk plans to bring crypto wallet services to its 44 million users. Thus, it will allow users to send instant peer-to-peer transactions through Kakao’s crypto-powered wallet.

Smart Move from Kakao

According to the report, KakaoTalk will likely integrate crypto wallet just during the launch of its Klaytn blockchain platform. The report notes that the commercial launch of Klaytn will happen in June 2019. The move from Kakao comes soon after another Korean tech giant Samsung announced crypto wallet integration to its Galaxy S10 smartphones. The news publication notes:
“Following the integration of Blockchain Keystore on Samsung, the integration of a crypto wallet by Kakao, which is used by the majority of messaging app users in the nation, is expected to expand blockchain services and usage.”


KakaoTalk alone dominates over 90% of South Korea’s messages industry. 

 Thus getting crypto payments and transactions for this platform is a huge step towards mass ownership of digital assets. Notice that Kakao has yet to officially confirm the integration of crypto budget to its platform.

 Furthermore, the participation of leaders like Samsung bolsters the strength of Korea’s blockchain industry. Besides the crypto wallet integration, Samsung also plans to bring crypto payments option to its mobile payment platform Samsung Pay.

 Tech giants across the globe are slowly getting tuned to the crypto market and the utility of blockchain-based crypto tokens for instant and low-cost cross border payments. Recently, Facebook announced that it’s planning to bring its native Facebook Gold coin to WhatsApp. If successful, Facebook plans to incorporate it along with other messaging programs like Messenger and Instagram. 
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