Southward Korean net behemothic Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip.

According to a written report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as function of the "More" tab on its messaging app KakaoTalk — the platform into which the real wallet will somewhen be integrated.

50 meg active users will take access to the wallet

The Klip wallet — adult by Kakao's blockchain subsidiary, GroundX, will allow users to store the Klaytn they earn online. With a focus on supporting applications such as finance, content creation and blockchain-powered games, the wallet will likewise reportedly support not-fungible tokens.

Alongside Klaytn, Klip is also expected to support tokens that are partner to the company's proprietary Klaytn mainnet, which went live in June of this twelvemonth.

The teasing page currently displays the logos of partner tokens Airbloc, Pebble and Spin Protocol, News1 Korea notes.

With fifty million global KakatoTalk users as of June 2019, GroundX CEO Han Jae-Dominicus has emphasized that the decision to integrate the wallet into the popular messaging app was a matter of maximizing cryptocurrency accessibility.

Co-ordinate to an unnamed Kakao official, the Klip wallet is expected to launch in the second half of this year.

As reported at the fourth dimension of the Klaytn mainnet launch, the firms using Kakao's mainnet are said to take a combined market value of $64.8 billion. By October of this year, Kakao is aiming to take as many as 34 decentralized apps (DApps) supported on the platform.

Regulatory arbitrage

This March, Kakao indicated it would repeat its initial coin offering (ICO) for Klaytn afterwards netting $90 one thousand thousand from investors. In December 2018, Kakao had first announced that information technology was planning to raise effectually $300 one thousand thousand through Ground X to develop its own token.

GroundX — which operates the ICO — is notably headquartered in Japan, in light of Due south Korea'southward strict anti-ICO policy.