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Kakao’s cryptocurrency to be listed on Upbit tomorrow

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Karol Rhodri
Karol Rhodri
Karol is a strong professional with a Master of Library & Information Science - MLIS focused in Mathematics and Computer Science from Empire Beauty School-State College. He has a strong belief that every technology-related company will surely adopt blockchain, it's just a matter of time.

Kakao, with Ground X, launched its cryptocurrency Klay which will be listed on Upbit Indonesia exchange on 26th September. The cryptocurrency will also be listed on Upbit Singapore, but a date has not been finalized yet.

Kakao, with its subsidiary Ground X, developed a public blockchain platform known as Klaytn last year. They have chosen these platforms for the listing as they wish to become an Asia-based platform in the future. Ground X has also partnered with Samsung Electronics for the Klaytn platform.

This collaboration between Klaytn and Ground X has produced various blockchain applications and a wallet that contains Klay cryptocurrency for Samsung phones.

Other partners of Ground X include LG Group and Hanwha Group. A biopharmaceutical firm Celltrion and other gaming companies are a part of the partnership as well.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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