Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
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.
Kakao's in-development wallet for its "klay" cryptocurrency will support dapps and tokens based on the firm's blockchain tech. The bad news is the launch has been delayed.
Binance has joined the governance council of Kakao's Klaytn blockchain network as the project scrambles for partners and use cases.
The move will aid South Korea's OTC securities market.
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.