Korea’s greatest network operator, SK Telecom, launches a crypto wallet

Popular Korean telecommunications enterprise SK Telecom mentioned it has partnered with on-chain information exploration unit CryptoQuant to launch a cryptocurrency wallet.

Korea’s greatest network operator, SK Telecom, launches a crypto wallet. Photo: Reuters

Share with CoinDeskKi Young Joo, CEO of Team Blackbird, the enterprise behind CryptoQuant, mentioned the Web3 wallet products offers entry to blockchain applications on your mobile phone, enabling token storage and entry to CryptoQuant’s on-chain analytics resources .

.@sktelecom will release a blockchain-based mostly wallet application on phones that will enable crypto end users to keep tokens although logging in @CryptoQuant_com on-chain evaluation resources. From @shauryamalwahttps://t.co/0mxrNNCfT0

— CoinDesk (@CoinDesk) October 18, 2023

SK Telecom (SKT) is the greatest mobile network operator in Korea by quantity of end users. Jong Seung Kim, head of SKT’s Web3 business enterprise crew, mentioned the wallet will contribute to South Korea’s thriving cryptocurrency market place, identified for substantial trading volume and curiosity from a expanding population, which has enhanced in final many years.

This is not the very first time that SK Telecom has come into direct get hold of with the cryptocurrency sector. Previously, in July 2022, SK Telecom has come up with a prepare to launch a Web3 wallet, the company’s partners at that time have been AhnLab Blockchain and Atomix Labs. In November 2021 also the network Invested $75 million in the Korbit exchange working in the land of kimchi.

CryptoQuant is an on-chain information analytics and exploration enterprise based mostly in Seoul. CryptoQuant’s shoppers are organizations about the globe, and the enterprise has unique partnerships with worldwide corporations this kind of as the Chicago Mercantile Exchange (CME Group) and credit score rating company Moody’s to offer some information and on the web exploration.

Coinlive compiled

Join the discussion on the hottest difficulties in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!