Cocoa, one of South Korea’s largest Internet companies, has announced that it will develop its own cryptocurrency wallet
Cocoa, which was founded four years ago and soon became one of the largest companies in the country, plans to strengthen its position in the cryptocurrency sector.
The company, which currently provides services in different fields such as transportation, communications, finance, and fashion, also plans to diversify its services in the cryptocurrency sector.
A cocoa official spoke to News1 Korea a few hours ago and told them about the company’s future plans. According to his statements, the company wants to develop a new wallet called Klip by the end of this year.
Ground X, one of Cocoa’s subsidiaries, is responsible for the development of this wallet, which is currently under development. Exactly what features this wallet will have is unknown, but it is known that Klay, the company’s own token, and other Klaytn-based cryptocurrencies, also the company’s own Blockchain network, will be supported.