Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
— Telecom, 블록체인, Wallet, Nfts, Company, Crypto, Korea, Digital, South, Terra — 1 min read
SK Telecom has signed a joint agreement with other blockchain firms aimed at developing a digital wallet that can support cryptocurrencies, nonfungible tokens and digital credentials. SK Telecom said its blockchain arm would be collaborating with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet. As of December 2021, roughly 30 million people in South Korea have mobile subscriptions through SK Telecom — roughly 58% of the total population. In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the pandemic. In May, the firm relaunched the Terra network in May with a new chain but has also reportedly faced inquiries from South Korean regulators and authorities in the crypto market downturn. Source