Chiliz Blockchain and ‘South Korea’s Google’ Team Up to Launch Crypto Wallet

South Korean tech conglomerate Naver is launching its first crypto pockets, Naver Pay Pockets, in partnership with sports-focused blockchain Chiliz. Chiliz, an L1 blockchain constructed round supporting fan tokens, mentioned in an August 29 submit that it has been chosen as the primary pockets blockchain, accessible to Naver’s greater than 33 million customers. Naver – referred to as the “Google of South Korea” – runs the nation’s most used search engine.

Based on Chiliz founder and CEO Alexandre DREYFUS, Naver Pay Pockets doesn’t goal to be a typical crypto pockets, however a blockchain-based utility and loyalty service. The pockets is in beta and non-custodial, which means customers hold their pockets’s personal key and may maintain each cryptocurrencies and non-fungible tokens. Dreyfus mentioned extra options are coming, with deliberate integrations with decentralized functions (DApps), fan tokens and a service provider loyalty program.

He added that the goal prospects are tech-savvy, already utilizing Naver Pay digitally and are fascinated about studying about blockchain expertise, particularly within the sports activities, leisure and digital asset industries. Whereas the Chiliz blockchain is the primary pockets, Dreyfus mentioned Naver might add help for a wider vary of blockchains sooner or later.

Picture: Asia Crypto As we speak