South Korean Tech Giant Naver Partners with Chiliz to Launch Crypto Wallet
The wallet marks Naver's first push into the cryptocurrency space.
South Korean technology giant Naver has announced the launch of its first-ever cryptocurrency wallet, Naver Pay Wallet, in collaboration with the sports-centric blockchain platform Chiliz.
The wallet, which is currently in its beta phase, marks Naverâs first push into the cryptocurrency space.
In a recent post on X, Chiliz, a Layer 1 blockchain known for its support of fan tokens, revealed that it has been selected as the inaugural blockchain for the Naver Pay Wallet.
33 Million Naver Users to Gain Access to Crypto Wallet
The move will potentially give over 33 million Naver users access to the wallet, signaling a major integration of blockchain technology into South Koreaâs digital ecosystem.
Naver, often referred to as âthe Google of South Korea,â operates the nationâs most widely used search engine.
According to Similarweb, Naver was the most visited website in South Korea last month, boasting 1.7 billion visits.
The management of the Naver Pay Wallet will be handled by Naverâs subsidiary, Naver Pay, which currently serves over 97,000 merchants. @Chiliz $CHZ
