The cryptocurrency wallet, which is currently in testing phases, will be launched later this year and might be linkable with LG appliances to make payments for certain services.
The wallet, called Wallypto, will be part of a new business phase for the company, which recently abandoned its mobile hardware business and pivoted to software solutions. Wallypto will support only Hedera Hashgraph assets at launch.More and more tech and traditional finance companies are putting funds behind crypto-based businesses and operations. LG, the South Korean tech conglomerate, is getting into the cryptocurrency service business.
This development is part of the company’s strategy to diversify its product portfolio, as it pivots to include new activities. LG abandoned its mobile hardware division on July 2021, and is now moving to software and other platforms.The wallet, which is currently in testing phases, will be launched later this year and might be linkable with LG appliances to make payments for certain services.
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