KakaoTalk to integrate a cryptocurrency wallet on app

[Malsetid]

I'm also one of Kakaotalk users and I'm very support of this plan.

I'm still confused with big companies like Facebook, Twitter, and others.. why are they still considering integrating their applications with cryptocurrencies,  if they receive cryptocurrency I am very confident that their application users will increase, investors and their company profits will definitely increase..

I don't know about that though. It's a platform that i wouldn't trust my crypto coins with. How secure would that be? The people behind kakao of course would have a way to access your accounts. It may sound exciting for kakao users who are into cryptocurrencies but i'd rather stay with traditional hard wallets.

[o_e_l_e_o]

Well, it's possible that they can sell our information, but we have the authority to take care of them in case they will break the law.

Unfortunately, Facebook very much see themselves as above the law. The recent Cambridge Analytica scandal proves this. Facebook were complicit in millions of users' personal data being mined and used without their consent by unknown third parties. In response Zuckerberg made some half hearted apology to Congress, and they received fines so small as to be meaningless. They can and will do anything they like with your data, as long as the price is right.

But in general point of view, they will eventually become part of the market even if they are centralized, so this is good as we will increase in volume.

I wouldn't consider it good, just as I don't consider all the trash altcoins flooding the market with zero use cases and exit scams to be good.

[shesheboy]

~ snip ~

I don't know about that though. It's a platform that i wouldn't trust my crypto coins with. How secure would that be? The people behind kakao of course would have a way to access your accounts. It may sound exciting for kakao users who are into cryptocurrencies but i'd rather stay with traditional hard wallets.

when you use a wallet or an exchange you are also entrusting your funds to someone else . if you trust them then why would you dont trust kakaotalk with your coins ?  Kakaotalk is already known to be legit so there is no need to worry about your security  . it isnt also a wallet but i believe that the coins will only be used to buy in app items like stickers and call plans  .  i dont also think that kakaotalk users will feel excited with it since most of them are not an existing crypto users  .

[shield132]

Guys don't get so excited, before posting just read article, as it seems they have only discussion around it, they don't know whether cryprocurrency will be added or not.
But since whatsapp plans to add crypto, I think Kakaotalk will follow then too, just don't want to get rumors in attention.
Btw in any way it's good, you can quickly send coins to your friends but this has some cons, maybe they'll explode your brain by requesting some money.

[tippytoes]

Guys don't get so excited, before posting just read article, as it seems they have only discussion around it, they don't know whether cryprocurrency will be added or not.
But since whatsapp plans to add crypto, I think Kakaotalk will follow then too, just don't want to get rumors in attention.
Btw in any way it's good, you can quickly send coins to your friends but this has some cons, maybe they'll explode your brain by requesting some money.

For sure, even if it is in the discussion stage, they will follow this crypto boost in social media. Though their followers is not as much as fb or twitter, still this will create mass adoption on this side of the world. They will be familiar on handling cryptocurrency and will see the benefit of it. So much with the negative connotations of crypto, time to see the power of crypto in their daily lives.

[reynald70]

I am very happy that many large social media companies like kakaoTalk, Whatsapp, Facebook will adopt Crypto on their App, so this is good news for Bitcoin, because Crypto is synonymous with Bitcoin, and if many recognize Crypto, then I am sure the price will increase.

[Incodium Coin]

This is quite interesting, and l can assure you that the crypto community is buzzed. KakaoTalk is into so many businesses that this will expand the use of crypto. Kakao taxi, inApp purchases at Kakao, Kakao Rentals and much more.

[Umkar]

It seems that the integration of the crypto wallet and the provision of the service of making the transfer of cryptocurrency in instant messengers is a trend in recent times. I think that soon all messengers and social networks will have such a function.

[Unblock_news]

Full article here: https://www.unblock.news/news/kakaotalk-integrate-cryptocurrency-wallet-app

[Sithara007]

Not sure I would call them "one of the most popular". It has less than 50 million active monthly users, compared to WhatsApp's 1.5 billion, Facebook Messenger's 1.3 billion and iMessage's 1 billion. It's certainly big in South Korea and Southeast Asia, but it has a very limited global presence.

Still, it's nice to see they seem to be thinking of integrating a bitcoin or multi-coin wallet, as opposed to launching their own centralized scam coin like Facebook and many other large companies are planning.

KakaoTalk is very popular among the Korean diaspora. And don't forget that there are around 2.5 million of them in the US itself (1% of the population). But I am quite worried about the legality of this step within South Korea. The South Korean government has made so many u-turns with their approach with BTC. And this has resulted in huge losses to those who invested in various crypto-currency. The legal terms regarding crypto usage are still vague in South Korea.

[calya]

Not sure I would call them "one of the most popular". It has less than 50 million active monthly users, compared to WhatsApp's 1.5 billion, Facebook Messenger's 1.3 billion and iMessage's 1 billion. It's certainly big in South Korea and Southeast Asia, but it has a very limited global presence.

Still, it's nice to see they seem to be thinking of integrating a bitcoin or multi-coin wallet, as opposed to launching their own centralized scam coin like Facebook and many other large companies are planning.

KakaoTalk is very popular among the Korean diaspora. And don't forget that there are around 2.5 million of them in the US itself (1% of the population). But I am quite worried about the legality of this step within South Korea. The South Korean government has made so many u-turns with their approach with BTC. And this has resulted in huge losses to those who invested in various crypto-currency. The legal terms regarding crypto usage are still vague in South Korea.

based kakaotalk user in around the world , this integration will bring impact to cryptocurrency it self.cryptocurrency demand will rise significantly after its officially release.and about government, south korea be the countries that care about crypto developtment.

[Fredomago]

Guys don't get so excited, before posting just read article, as it seems they have only discussion around it, they don't know whether cryprocurrency will be added or not.
But since whatsapp plans to add crypto, I think Kakaotalk will follow then too, just don't want to get rumors in attention.
Btw in any way it's good, you can quickly send coins to your friends but this has some cons, maybe they'll explode your brain by requesting some money.

That's right until they are not completely announced it we should not be too much excited, it's bring some good publicity though as the company have
good and well established business, so taking their part inside crypto industry gathered attentions from the public.

[Sithara007]

and about government, south korea be the countries that care about crypto developtment.

The South Korean government doesn't care about crypto development. They only care about getting bribes from the crypto-users. What they did is unethical. First, they implemented a very relaxed regulatory regime on crypto. A lot of crypto-based companies moved to South Korea. Then they suddenly made an u-turn and adopted some very hostile measures.

[jademaxsuy]

One of the most popular messaging/chat application today, KakaoTalk, is reported to be in deliberation for possible integration of a crypto wallet.


Full article here: https://www.unblock.news/news/kakaotalk-integrate-cryptocurrency-wallet-app

Well we are using facebook messenger. BTW I am not famiiar with kakaotalk but if it means that it is another good news for cryptocurrency then I am 100% support to it especially that now bitcoin market has slowly taking its recovery.

Who.knows that there could be more integration in the near future using blockchain technology.Block chain has a bright future over integration to even centralized system.

[carlfebz2]

Not sure I would call them "one of the most popular". It has less than 50 million active monthly users, compared to WhatsApp's 1.5 billion, Facebook Messenger's 1.3 billion and iMessage's 1 billion. It's certainly big in South Korea and Southeast Asia, but it has a very limited global presence.

Still, it's nice to see they seem to be thinking of integrating a bitcoin or multi-coin wallet, as opposed to launching their own centralized scam coin like Facebook and many other large companies are planning.

KakaoTalk is very popular among the Korean diaspora. And don't forget that there are around 2.5 million of them in the US itself (1% of the population). But I am quite worried about the legality of this step within South Korea. The South Korean government has made so many u-turns with their approach with BTC. And this has resulted in huge losses to those who invested in various crypto-currency. The legal terms regarding crypto usage are still vague in South Korea.

based kakaotalk user in around the world , this integration will bring impact to cryptocurrency it self.cryptocurrency demand will rise significantly after its officially release.and about government, south korea be the countries that care about crypto developtment.

Isnt already been approved/applied?

I cant see for a reason that it will give big impact on crypto market considering that users of Kakaotalk isn't really that big of a number but still a good thing on seeing the adoption which do integrates
crypto into traditional chat apps.

[loopes]

One of the most popular messaging/chat application today, KakaoTalk, is reported to be in deliberation for possible integration of a crypto wallet.


Full article here: https://www.unblock.news/news/kakaotalk-integrate-cryptocurrency-wallet-app

I think every app should have it's own cryptocurrency, actually it is good to make the company survive. The more people use the app then the more possibility that those people also interested in it's cryptocurrency. Maybe kakao talk just don't want to lose from facebook which has the same plan. I think cryptocurrency also can solve problem of money transfer fees that charged in those apps transactions related with advertiser.

[Ailmand]

If so, then that's a big advantage for the development and adoption of cryptocurrency in Korea since most Kakaotalk users are Koreans. There are Koreans who want to get involved in cryptocurrency and I guess it's a good start for them. I wish that there would be a cryptocurrency wallet in every app.

[Adriano2010]

Is ok that more apps to integrate crypto wallets, but we need that every app to be secure and in that way people will trust and possible some of them will use that app for transfer crypto.

[NavI_027]

Not sure I would call them "one of the most popular". It has less than 50 million active monthly users, compared to WhatsApp's 1.5 billion, Facebook Messenger's 1.3 billion and iMessage's 1 billion.

It once become a global hit back on its prime days, I think 5 to 8 years ago. I still remembered that my classmates back in highschool oftenly use this app (along with Simsimi) because of its cute stickers which is very unique that time. But when Messenger upgraded and improve its aesthetic features, its fame suddenly faded away.

Anyway, I know that this is another good news again for us because crypto adoption is crypto adoption, it is significant no matter how small its is. I just wonder why? Why Kakaotalk is planning to have its own crypto wallet? I don't get it to be honest. What is the strong relation between messaging and financing? Hmm .

[D3m1r4wanti]

Has Kakaotalk made an official announcement regarding this news?
but this good news hopefully can be one of the supporting factors for the development of crypto currencies.