Altcoin News: South Korean Giant Kakao Will Launch a “Klip” Wallet This Year

August 12, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The South Korean giant Kakao, which owns the eponymous messenger, is preparing to launch its own Klip cryptocurrency wallet.

“Klip has released a teasing site ahead of its release in the second half of the year,” the company’s official told News1 Korea.

It is reported that the program is being developed by the Kakao blockchain unit called Ground X. The wallet will support the Klay messenger token, as well as other cryptocurrencies created on the Klaytn blockchain. Recall that the main network of this blockchain was launched at the end of June.

The news was also confirmed by HintChain, which created the blockchain market for food.

“Today, Klatyn’s crypto wallet Klip’s teaser website will be open as well and we are happy to say we are one of the partner services that are introduced first,” the company said in a statement.

Interestingly, according to Kakao representatives, the Klaytn blockchain is 15 times faster than the Ethereum blockchain. If in the Ethereum network blocks are created every 15 seconds, then in the Klaytn blockchain they are mined every second.

Author: Marko Vidrih