Cryptocurrencies to Be Sent and Received through KakaoTalk Beginning This Summer

“Klip,” a cryptocurrency wallet developed by Kakao Blockchain subsidiary GroundX, will be released for the first time in conjunction with KakaoTalk, the most popular mobile messenger service in Korea, in the first half of this year. Klip will accompany Kaikas, a cryptocurrency wallet for web browsers such as Google Chrome. In other words, anyone in PC and mobile environments can easily manage digital assets such as cryptocurrencies, while global users will be able to use “Global Klip” in the second half of this year.

“Klip is easy to use and will be easily accessed via KakaoTalk in the first half of this year,” said Han Jae-sun, president of Ground X, in a message titled “Staring Ground X’s Sail for the Next Internet” on Feb. 18. “As Klip also manages private keys required when using blockchain services, it is easy to use the services without knowledge of blockchains.”

People can manage virtual assets such as cryptocurrencies and digital assets through Klip as they exchange messages, photos, and videos via KakaoTalk, Han explained

“Users can collect and consume various digital assets produced on the blockchain platform Klaytn created by Ground X through Klip,” Han added ''Klip through which people can experience various Klaytn-based blockchain services will inject new vitality into the blockchain industry by expanding user contact points through the messenger."

Meanwhile, Han also stressed the importance of user data sovereignty, including blockchain-based mobile decentralized identifiers (DIDs) "DIDs are just one example," Han said. "Next Internet services that blockchain creates include candidates like ID/ authentication services that add a trust layer. You will be able to find trust-based services on the internet that extend beyond authentication to identities, credentials and more."