THELOGICALINDIAN - Satoshi Citadel has aloft berry allotment from KVG which is the adventure basic arm of Korean web behemothic Kakao According to the Bitcoin aggregation this is a cardinal partnershipthat could accompany itsinnovative solutions to Kakaos 100 millions users
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Kakao is a domiciliary name in South Korea, as this web behemothic has a adaptable app with over 100 actor alive users. This accurate app lets users accomplish chargeless calls and accelerate argument messages, as continued as they accept an internet connection. Moreover, there is an absolute ecosystem congenital about KakaoTalk.
In a way, Kakao has created their own amusing environment. Users can admission photo administration and the amusing arrangement KakaoStory. Additionally, there is additionally a gaming belvedere and a agreeable publishing platform. But at the aforementioned time, the action is attractive to aggrandize its all-around ability through some cardinal investments.
Satoshi Citadel (sci.ph) presents one of those analytical investments for Kakao, as the Philippine Bitcoin startup has apparent its fair allotment of success. Since actuality launched in 2014, the company offers banking casework to Filipinos after a coffer account. By application the accepted cryptocurrency Bitcoin, anyone in the arena can accelerate and accept money at actual bargain rates.
But there’s added to Satoshi Citadel, as the aggregation launched a Bitcoin acquittal processor alleged Bitmarket. Moreover, they additionally action Bitcoin debit cards, an barter platform, and the Rebit remittance service. Especially this closing business archetypal is absorbing to note, because how the Filipino remittance bazaar is the third better in the world.
The success of Satoshi Citadel has bent the absorption of Kakao. Keeping in apperception how the Korean action wants to accomplish all-around advance through its KVG venture basic arm, venturing into the Bitcoin apple could be a acute accommodation in establishing “synergies”with SCI’s “innovative” Bitcoin payments solution.
KVG Principal Partner Scott Kwon explained the accommodation as follows:
Not too abounding capacity apropos the berry allotment accord amid both parties were fabricated accessible to the public. We do apperceive KVG will be acknowledging Satoshi Citadel through synergies with Kakao and its added assets. This could announce the aggregation affairs to accompany Bitcoin abutment to its agreeable conception or amusing arrangement platforms.
What are your thoughts on this investment? Let us apperceive in the comments below!
Source Tech In Asia
Images address of Kakao, Satoshi Citadel, Shutterstock, thenextweb.com
