Kakao GO 4 Crypto!! YAY or NAY?
According to fnnews, a mainstream financial media outlet in South Korea, Kakao is integrating crypto for its 44 million local users.
Kakao is the biggest internet conglomerate in South Korea that operates KakaoTalk, KakaoPay, KakaoTaxi, KakaoStory, KakaoStock, and many other platforms that have overwhelming dominance in their respective markets.
On March 18, fnnews reported that following the integration of a crypto wallet by Samsung in the form of Samsung Blockchain Wallet, Kakao will integrate a crypto wallet into its messaging app to enable casual users to use digital assets on a daily basis.
If Kakao moves forward with its current plans to integrate a crypto wallet into an application used by tens of millions of users in South Korea alone, the country’s most widely utilized device in Samsung Galaxy S10 and messaging app will have native support for crypto.
While a Kakao representative has not officially confirmed KakaoTalk’s integration of crypto, the representative said that it is putting in efforts for the development and expansion of blockchain technology.
The sentiment around the launch of the Samsung Blockchain Wallet and reports regarding Kakao’s integration of crypto has been positive and investors in the local market have demonstrated optimism towards the initiatives of influential conglomerates in the country to lead the growth of cryptocurrency and blockchain.
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