LG will release its own cryptocurrency wallet Wallypto – Bits Media

The South Korean technological giant LG Electronics continues to develop a blockchain direction - in the III quarter of this year, the company will release a cryptocurrency wallet Wellypto.

According to the local edition of News 1 Korea, Developers are already finishing beta testing applications. In the near future, the discovered errors will be corrected and the final verification of the release version of the wallet will be launched.

The Wallypto application is created for the Hedera Hashgraph blockchain and only HTS tokens will initially support. but, In the future, it is planned to expand the list of supported networks and cryptocurrencies.

LG has not yet revealed possible options for using a wallet. maybe, It will be used for various digital projects LG Electronics, Including the support of the IOT platform LG ThinQ.

“Blockchain is one of the new business areas, which we continue to constantly develop ", - the company representative emphasized.

About that, that LG will study the prospects of blockchain and cryptocurrencies, reported back in March. Currently, the company actively reorganizes its unprofitable business areas and launches new, including, In the field of blockchain.