LG Electronics to Launch Crypto Wallet Later This Year

LG Electronics to Launch Crypto Wallet Later This Year

South Korean electronics giant LG has announced that it is in the process of developing a cryptocurrency wallet to launch later this year.

LG Electronics is currently developing a cryptocurrency wallet app that it will launch later this year. The wallet is to be called Wallypto and will be part of a new business phase for the company. The firm recently abandoned its mobile hardware business and pivoted to software solutions. The wallet will only support Hedra Hashgraph assets at launch.

According to local South Korean news agency News 1, the application will help the electronics giant to enter the blockchain space in earnest. The announcement reads:

It is also expected to actively create synergy effects by combining blockchain technology with existing flagship businesses

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