LG Electronics to Launch Hedera-based Cryptocurrency Wallet

September 3, 2022

MCP News Free

LG Electronics to Launch Hedera-based Cryptocurrency Wallet

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LG to Launch Digital Assets Wallet

In the midst of the digital assets market downturn, many electronics giants globally refused to be stopped, and this time, the South Korean electronics giant LG is expanding its space in the blockchain and web 3 technologies.

As per a recent announcement, the South Korean electronics giant LG will launch a digital assets wallet called “Wallypto,” the application will be based on the Hedera Hashgraph blockchain.

The developers will carry out a beta test on Wallypto before the end of this month and it is expected to be launched before the end of 2022.

“After going through the final verification process to catch system errors, it is likely to be released in the third quarter at the earliest or within the year at the latest,” the report noted.

In its quest for venturing into web 3 technology, LG Electronics had earlier this year announced its plans to incorporate NFT features into its electronics.

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