South Korea’s Kakao to Integrate Cryptocurrency For Millions of Users & Merchants
Image source: ccn.com
Asia Business, an influential financially focused media outlet in South Korea, has reported that Kakao, one of the two largest internet companies that run KakaoTalk, KakaoPay, KakaoStory, KakaoTaxi, and a subsidiary that conducts larger cryptocurrency exchange UpBit, will integrate crypto exchange rates by 2018 .
Importance of Kakao
An exclusive coverage released by Asia Business showed that Kako's fintech application, KakaoPay, which registered 3 million users within its debut month, will integrate crypto curves into its local application to allow users to send and receive crypto curves. Kakao is also planning to launch its own crypto currency, similar to Binance Coin's model, within this year.
When KakaoPay integrates crypto curves like bitcoin and Ethereum, all other Kakao apps will be compatible with cryptocurrency payments. If Kakao pursues its plan to integrate crypto curds in KakaoPay by the end of 2018, millions of KakaoTaxi, KakaoTalk and other Kakao applications will soon be able to exploit crypto curves.
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The adoption of cryptocurrency by kakao technologies means that it has a legal and official status. South Korea is a country that influences the market through its political and financial decisions. thanks again @tradewonk for this good news
Agree
Super agree
Huh, I hadn't heard of this yet! Thanks for posting this, interesting to see more mainstream companies starting to implement cryptocurrencies in their systems.
My pleasure
It's a good news, i HOpe other countries will also follow these steps.
Thank you, @tradewonk for sharing this.
What does "crypto curves" mean? Does it mean price charts? If that is what it means, then this is not a big deal. What would be great is to allow people to pay with cryptos.
Am praying that my country "Uganda" also embraces more of cryptocurrency investments and incorporates it in the various business ventures.
Otherwise this is good news from South Korea. Its a good example set by Kakao.
Thanks so much sir @tradewonk for the crypto news.
unequal writing sir, really you share a good news.
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BUENISÍMO, QUE IMPLEMENTEN ESTA MONEDA EN SU PAÍS.
Kakao is HUGE in Korea and within the Korean community in America.
Literally every single human being living in Korea uses KakaoTalk as a messenger platform.
What great news!
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