Kakao digital wallet Klip is blockchain enabled

Kakao digital wallet Klip is blockchain enabled

In the latest developments, Kakao digital wallet is now live on the messenger app for mobile users. The Seoul-based leading web service firm has released a one-stop digital wallet service that will enable the users to transfer different sorts of digital money, including cryptocurrency, by using Kakao’s smartphone messenger app.

Kakao digital wallet Klip is blockchain-enabled

Kakao blockchain service wing Ground X has released Klip, a digital wallet service via Kakao Talk. The blockchain firm stated that Klip is available for the users and does not need any updating of the smartphone messenger app.

Klip features a high-security level and high processing speed and would be majorly providing services for the cryptocurrency and the Ground X blockchain platform. Whilst Kakao Pay, the digital wallet service enables the users to transfer money conveniently from ban accounts into chat room via a fast and easy process.

To send money through Kakao digital wallet users need to only type in the amount and press the send button. On the other hand, when the receiver presses the receive button, the money would be readily transferred from the bank account of the sender to the bank account of the receiver.

Klip enables the users to receive and send virtual money via a simple process only by just touching the display of the smartphone.

Blockchain is the decentralized service that enables the sharing of replicated and synchronized data via digital ledgers that are created by the users of organizations all across the globe. Every virtual ledger works as a tool of verification for the encrypted data that tends to prevent hacking.

Ground X pledged to launch a new blockchain-based platform for those companies which provide blockchain-based services, including ride-sharing, network gaming, and social dating. Kakao digital wallet has pushed the company into the race alongside Facebook and other big names in the digital wallet industry.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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