According to reports, LG is nearing the launch of a crypto wallet that may likely tie into its home appliance lineup.
LG Electronics is reportedly running a beta test of its crypto wallet for developers. Dubbed “Wallypto,” the Korean electronic giant’s crypto wallet application should launch before the end of the year. According to a report referenced by Blockchain News:
“After going through the final verification process to catch system errors, [Wallypto] is likely to be released in the third quarter at the earliest or within the year at the latest.”
Furthermore, the initiative also represents part of LG’s plans to expand its business scope to include platforms and software.
Wallypto will initially support non-fungible tokens (NFTs), as well as other digital assets built on the Hedera Hashgraph blockchain. However, reports state that the digital wallet will include other blockchain protocols following its launch. Part of the report with regards to Wallypto’s applicability reads:
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