South Korea’s Kakao to Integrate Cryptocurrency For Millions of Users & Merchants

in #cryptocurrency6 years ago


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.

Disclaimer: Trading has a high risk level and may not be suitable for all investors. Before you decide to invest, carefully consider your investment goals and risk willingness. The possibility is that you can sustain a loss of some or all of your initial investment and therefore you should not invest money that you can not afford to lose. You should be aware of all risks associated with currency trading and seek advice from an independent financial adviser if in doubt. I'm not a financial advisor and there is also no content in this article that is presented as financial advisory.

copysteemit.png

Don't miss out on my next post! Follow me @tradewonk

Sort:  

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

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.

will integrate crypto curves into its local application to allow users to send and receive crypto curves.

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.

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvote this reply.

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!

Congratulations @tradewonk, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 406 and the total pending payments to posts in this category was $6232.60. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 71539.00
ETH 3603.23
USDT 1.00
SBD 4.75