To Apply Cryptocurrency and Blockchain Services to Webtoon Platform
Kakao Piccoma, a Kakao subsidiary in Japan, has recently acquired more than half of Japanese cryptocurrency exchange Sakura Exchange Bitcoin.
Sakura Exchange Bitcoin has become Kakao’s first subsidiary that is a cryptocurrency exchange. The size of the investment is undisclosed. The purpose of the acquisition is to start and expand business in Web3 by utilizing blockchain and cryptocurrency technologies.
Kakao Piccoma runs Piccoma, the largest webtoon service provider in Japan. The company is expected to apply cryptocurrency and blockchain services to its webtoon platform.
Yoon Young-sil
pr@businesskorea.co.kr