Klaytn, a Korea-based layer-1 blockchain platform, has been integrated into the SafePal noncustodial wallet suite. SafePal is expanding into South Korea and as part of that process will begin supporting Klaytin’s native assets and existing decentralised applications (DApps). Additionally, SafePal’s software, hardware, and browser extension wallets will be fully interoperable with Klaytn (KLAY) and its native tokens.
SafePal’s integration with Klaytn, the most popular blockchain for Web3 and DeFi in Korea, makes perfect sense for both companies. With the integration, users of Safepal now have the ability to manage native tokens and assets on the Klaytn network and to manage these tokens and assets in a seamless manner across more than 100 blockchains by using SafePal’s cross-chain exchange.
This is SafePal’s first major push into the Korean market, and it comes as the wallet suite looks to expand its reach beyond its current 200 supported regions and nations. By contrast, existing players in the Klaytn ecosystem will have another enhanced self-custodial wallet solution with which to manage their Klaytn-based assets thanks to the integration with SafePal and their 10 million customers throughout the world.
The Klaytn Foundation places a premium on expanding the number of ways in which its users can participate in the Klaytn ecosystem. In February, the Foundation unveiled a roadmap towards achieving mass adoption trifecta, based on verifiability, sustainability and community. By collaborating with Safepal, Klaytn has made it possible for more than 10 million wallet users to store and exchange $KLAY and KCTs with a high level of efficiency.
Besides the integration, SafePal plans to add Korean to the 15 languages it already supports. Furthermore, the company plans to connect with existing Klaytn DApps like Klayswap, DeFi Kingdoms, Pala, Kleva Protocol, and Swapscanner. These forays will help establish a strong presence in the market.
This post was last modified on May 09, 2023, 10:51 BST 10:51