In South Korea, most of the people don’t use Facebook’s Messenger but KakaoTalk, mobile messaging application. It allows the society to text each other via their mobile devices.
This information is reported by Huffington Post Korea detailed today, March 5.
The representative of the new organization called Kakao Blockchain, will be an experienced person who is already a partner and Chief Development Officer of technology startup incubator Future Play – Jae-sun Han. Official business plan for Kakao Blockchain will be presented on March 20.
Presently, local ICOs based in South Korea are unlawful, so ICO of Cacao should probably be conducted in another country like Singapore and Hong Kong. That’s why, it intends to lead ICO abroad and to enable it to be purchased and sold at real household exchanging destinations.
As Joseph Young tweeted, mobile payment service of KakaoTalk and KakaoPay has “90% penetration in messaging and fintech markets in South Korea”:
Kakao, which operates KakaoTalk and KakaoPay that have 90% penetration in messaging and fintech markets in South Korea, created a blockchain company, first reported by @CryptoKorean
Several major media outlets hint Kakao launching its own cryptocurrencyhttps://t.co/ss8DEmpFLA
— Joseph Young (@iamjosephyoung) 5 marca 2018
“Kakao Coin” will enable Kakao to grow its worldwide substance business. For instance, when a Kakao coin is added to the Picco, a backup of Japanese cacao in Japan, it can be connected to different stick tech organizations, for example, straightforward settlement.
An industry official said:
Last modified: March 5, 2018
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