Kakao’s Klaytn Blockchain Has Gone Live With Support From Major Firms
The Klaytn blockchain from the fold of messaging app giant Kakao has launched on its mainnet, with a governing body including big enterprises like LG.
The "klay" cryptocurrency from messaging app giant Kakao is to make its first official exchange listing on Upbit later this month.
The government may not allow the coin to trade on a domestic exchange so it will look to other countries.
Binance has joined the governance council of Kakao's Klaytn blockchain network as the project scrambles for partners and use cases.
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.
Messaging app giant Kakao – which launched its own blockchain in June – has teased the release of a crypto wallet dubbed "Klip" later this year.