South Korean messenger Kakao is going to release a crypto wallet Klip

South Korean Internet giant Kakao Corp has announced plans to launch a Klip crypto wallet.

The Klip crypto wallet developed by GroundX, a subsidiary of the Kakao blockchain company, will allow its users to store Klaytn tokens (Klay's native tokens), as well as other digital assets using the Klaytn blockchain protocol. It is known that on the page to attract attention to the new project, it is already said that Klip's partner tokens are assets from Airbloc, Pebble and Spin Protocol.

?Klaytn Announces Crypto Wallet 'Klip'?
Today, Klatyn's crypto wallet Klip's teaser website will open and we are happy to say we are one of the partners that is introduced first. https://t.co/bw4eM5fh2d #Hintchain #Klaytn #KakaoTalk #Cryptocurrency #Fintech #Blockchain

Hintchain (@hintchain) August 12, 2019

Han Zhe Sung, CEO of GroundX, noted that with the huge KakaoTalk user base, which as of June 2019 totaled 50 million users around the world, the decision to integrate the crypto wallet with the messenger is the solution to the issue of expanding the availability of cryptocurrencies. It is expected that the launch of the crypto wallet will take place before the end of this year.

In March, Kakao representatives announced their intention to conduct another ICO for Klaytn. Recall that for the first time, the company managed to attract $ 90 million of investor funds. The largest investors were Crescendo Equity Partners, Translink Capital, and IDG Capital. In the first month of summer, the launch of the Mainnet with the support of 9 decentralized applications took place, some large corporations, in particular LG Electronics, joined the project. Soon after the release, the GroundX development team noted that Klaytn's performance is 15 times that of the Ethereum network.