Editor's PiCK
"Kakao Pay Files Trademarks Related to Stablecoins—Accelerating Market Entry Preparation"
Summary
- Kakao Pay announced that it has accelerated preparations for entering the related business by filing 18 trademarks related to stablecoins.
- It was stated that sample trademarks include various stablecoin names such as 'PKRW,' 'KKRW,' and 'KRWP.'
- On this day, Kakao Pay shares surged 29.85%, reaching the upper limit.
Kakao Pay is reportedly expediting preparations for its stablecoin-related business by proactively filing trademarks.
According to industry sources on the 20th, Kakao Pay filed 18 stablecoin-related trademarks on the 17th. The Intellectual Property Information Search Service (KIPRIS) shows that sample trademarks include 'PKRW,' 'KKRW,' 'KRWP,' 'KPKRW,' and 'KRWKP.' The designated goods comprise electronic devices and software (Class 09), financial, investment, and real estate services (Class 36), and IT and software development services (Class 42).
Meanwhile, Kakao Pay is a fintech company with over 40 million members, and it is expected to secure competitiveness in the domestic and international micropayment market if stablecoins become institutionalized. On this day, Kakao Pay shares surged 29.85%, hitting the upper limit.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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