| Mobile Web

Kakao Group steps up stablecoin wallet infrastructure as KakaoPay completes PoC

KakaoPay has completed a proof of concept for digital asset wallet technology it plans to use for distributing assets such as won-denominated stablecoins. Kakao Group plans to use the result to pursue supplying related solutions to external companies and financial institutions. The PoC focused on expanding the existing KakaoPay Money wallet into an integrated wallet for on-chain assets. KakaoBank is also testing wallet linkage, stability and usability under bank-level security and regulatory requirements.