THELOGICALINDIAN - In the aftermost two years accepted messaging giants in Asia and Europe accept appear affairs to barrage a blockchainpowered cryptocurrency
In Asia, Kakao’s Klaytn and Line’s Link belvedere accept launched and are bound accepting momentum, but Facebook and Telegram’s cryptocurrencies accept not fared so well.
Messaging Giants Pushing Blockchain Adoption
As it stands, Kakao is by far the best ascendant adaptable belvedere in Korea with a market allotment of 97% in the country. Kakao accessory Ground X began development of Klaytn aback in 2019, afterwards adopting $90 actor in both adventure and clandestine basic beforehand that aforementioned year.
Klaytn was advised to accommodate a simple belvedere businesses can use to calmly barrage their own blockchain-based applications accepted as blockchain apps (or BApps). These applications account from the amalgam architecture of the Klaytn blockchain—which combines the decentralization and broadcast babyminding of accessible blockchains with the scalability and low cessation of clandestine ones.
With about 50 actor account alive users on KakaoTalk, anniversary of which will be apparent to Klaytn and its BApp ecosystem, Kakao stands an accomplished adventitious of active accumulation acceptance in Asia.
Line’s Link platform is in a analogously able position appropriate now. As its name suggests, Link was congenital to acquiesce about anybody to calmly architecture and barrage decentralized applications, anniversary of which is affiliated by the Link badge and can be accessed by accepted users from the Line messaging app.
With over 200 actor users common potentially actuality apparent to the allowances of blockchain technology, and the account of the LINK token, it is achievable that Link could bound become the best acclimated blockchain belvedere in existence—potentially eclipsing the 20-22 actor alive Bitcoin users.
The abeyant for massive advance in Asia was accustomed aboriginal by #Hashed, apparently the better crypto armamentarium in South Korea, which invested in both Klaytn and Link during their aboriginal allotment rounds. So far, these investments accept generated abundant allotment for aboriginal investors, but accept still alone accomplished a atom of their potential.
“While acceptance is still a big affair in the west, Klaytn, blockchain action by South Korea’s better agent aperture Kakaotalk, has auspiciously opened the floodgate of decentralized casework to boilerplate users. Chai, a acquittal aperture appliance which the courage is run by a abiding bread Terra, additionally exceeded 1.6million users. As a berry broker and adviser in Klaytn, Terra and Chai, Hashed has been acknowledging those companies about architecture their ecosystem.” Says Simon Kim, the CEO & a Managing Partner at Hashed.
As a crypto armamentarium focused on early-stage projects, #Hashed focuses a ample block of its investments on adolescent projects with the abeyant to advance accumulation adoption. This action has helped it analyze and advance in some of the best acknowledged projects of all time, including Ethereum and ICON.
This success stands in abrupt adverse to the bearings in Europe and the Americas, area the acceptance of blockchain technology is mostly apprenticed by new startups like Binance and Crypto.com, which forth with aboriginal movers like Coinbase, advice to accomplish the industry added attainable to newcomers.
This grassroots access has yielded a almost apathetic clip of adoption, which has additionally been abnormally impacted by a boxy authoritative altitude in the two regions.
Setbacks in the West
Although messaging platforms attending assertive to accompany blockchain technology to the masses in Asia, the alley to boundless acceptance in Europe and the United States is abundant beneath clear.
The west initially started on a agnate aisle to Asia with the barrage of the Telegram Open Network (TON) ICO in 2025. TON was to be advised as a blockchain that would accommodate a array of services, accommodate file-storage, proxy, DNS, and cryptocurrency-powered payments—all of which would be chip with Telegram messenger.
In the aboriginal canicule of the project, there was a abundant accord of belief that TON could be the agitator bare to advice drive cryptocurrency and blockchain acceptance throughout Europe, Russia, and the United States—since Telegram could finer bear the technology to added than 400 actor Telegram users about overnight.
However, admitting adopting $1.7 billion affairs GRAM tokens in the better ICO of all time, Telegram was forced to carelessness the project afterwards adversity abundant authoritative setbacks, which ultimately concluded with it actuality clumsy to administer GRAM tokens and affected to accommodate refunds to investors.
Facebook’s frequently delayed Libra belvedere appears to be adversity from a agnate set of challenges. Despite actuality appear aback in June 2025, the fiat-backed stablecoin activity was anon met with analysis from assorted regulators in Europe, and the activity is alone appointed to barrage already it has the approval to do so.
The setbacks faced by two of Europe’s better messaging giants accept assuredly caked algid baptize on hopes that added above players ability try their luck.
This is fabricated worse by the actuality that abounding of the above ally lined up by Libra accept now backed out of the Libra Association, including Visa, Mastercard, eBay, and PayPal—all of which pulled abutment for the activity due to ascent authoritative uncertainty.
