As reports claim, South Korean popular messaging app, KakaoTalk, is set to have the Samsung Galaxy 10 wallet integrated.
Such integrated wallet will be used as a crypto wallet. It is expected that this move would be a way to connect with its private token offering, and could allow users to store, receive, and send crypto.
According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet. It should be noted that the necessity of providing security for such possibility would arise, as hacking KakaoTalk is easy for hackers.
The Samsung crypto rollout was a public relations success in some ways. But also elicited disappointment when the phone didn’t include other crypto beyond Ethereum.
It just might become its own self-contained economic universe. As experts imagine the messaging app switching between games and other apps within. There is also talk of Kakao incorporating its token, along with a proprietary crypto wallet. Nothing has been formally announced by the company. But such rumors can be assumed to be a response to the widespread belief Facebook might be approaching a similar model with WhatsApp.
The South Korean messaging giant will reportedly integrate the wallet in KakaoTalk after the launch of blockchain platform Klaytn’s commercial service, a spin-off of Kakao’s subsidiary Ground X. Recently, Bloomberg reported that the company will conduct another $90 million-capped initial coin offering (ICO) after already raising $90 million.
According to Fnnews, Klaytn is scheduled for a commercial launch at the end of June 2019.
Previously, Cointelegraph had reported that Kakao spent more than $57 million on new technologies. It includes blockchain and artificial intelligence.
At the end of February, a Samsung official reportedly stated that the South Korean tech conglomerate’s new smartphone, the Galaxy S10, would have wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens. The company had officially announced earlier that the phone would have storage for private cryptocurrency keys in an alleged Blockchain Keystore.
Recently, the New York Times had also reported that Facebook is working on a cryptocurrency project that is set to be incorporated into Facebook’s three fully-owned apps, WhatsApp, Facebook Messenger and Instagram. According to the NYT’s assessments, Facebook’s alleged fiat-pegged stablecoin will have a combined exposure of 2.7 billion users.