South Korean technology corporation Kakao intends to launch its own Klip cryptocurrency wallet before the end of this year, News1 Korea reports.
So, the blockchain division of Ground X is developing it. The new service will support the digital currency of Klay Corporation, as well as other tokens based on the Klaytn blockchain.
At the same time, representatives of the HintChain blockchain marketplace confirmed that they are partners of the project.
The establishment of Ground X and Kakao’s plans to create its own blockchain platform became known in March last year.
In early October, white paper Klaytn was released and applications for participation in the Aspen test network with a potential productivity of 1,500 Tps began to be accepted.
Already this year, Kakao raised $ 90 million to create Klaytn from investment firms IDG Capital, Translink Capital and Crescendo Equity Partners.