South Korean Tech Giant Naver Partners with Chiliz to Launch Crypto Wallet
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
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 Naver’s 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.
The move will potentially give over 33 million Naver users access to the wallet, signaling a major integration of blockchain technology into South Korea’s digital ecosystem.
Naver, often referred to as “the Google of South Korea,” operates the nation’s 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 Naver’s subsidiary, Naver Pay, which currently serves over 97,000 merchants.
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