Kakao Piccoma, a Japanese subsidiary South Korea’s mobile application operator Kakao Corporation, reportedly bought a controlling share in the cryptocurrency platform Sakura Exchange Bitcoin. Kakao plans to use blockchain technology and Web3 for its future operations.
Business Korea reports that Kakao Piccoma has purchased more than half of Sakura Exchange Bitcoin’s shares, making it its largest shareholder. The exact amount of the deal was not disclosed. However, it should allow Kakao Piccoma to use cryptocurrency and blockchain services on its webtoon platform. Kakao Piccoma is Japan’s biggest webtoon service provider. The company also plans to further engage with the Web3 sector. The software can be downloaded on tablets, smartphones and personal computers. In 2018, the company launched Ground X, a blockchain-based unit. It launched its blockchain unit Ground X in 2018. In 2018, it joined the crypto bandwagon. Namkoong Whon (NK), will be leading Kakao’s efforts to go “Beyond Mobile.”
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