KakaoBank to Add Crypto Wallet to App as It Expands Stablecoin Push
JOON HYOUNG LEE
Summary
- KakaoBank said it plans to offer a cryptocurrency wallet service through its app.
- KakaoBank has started hiring staff to handle the planning and launch of its stablecoin business.
- KakaoBank said it will offer a wallet service based on a won-denominated stablecoin that links remittances, payments and investment.
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KakaoBank plans to offer a cryptocurrency wallet service through its app.
According to industry officials on May 28, KakaoBank has recently started recruiting staff for its stablecoin business. The company said the role would be responsible for planning and launching the business.
With the hiring, KakaoBank plans to add a crypto wallet to its app. The company said it is preparing services that will allow customers to use digital assets more naturally. It will offer a wallet service within the KakaoBank app that links remittances, payments and investment based on a won-denominated stablecoin, going beyond the limits of traditional account-based finance.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
