A new collaboration between South Korean web giant, NAVER, and Maltese blockchain platform, Chiliz, now delivers a new cryptocurrency wallet for the Korean market. This new partnership ushers in the arrival of the NAVER Pay Wallet which is built upon the renowned payment service from the South Korean company, now introducing blockchain technology.
This new crypto wallet will help NAVER users to better access and manage their digital assets, as well as a freebie for new applicants in the form of a digital token.
NAVER Pay Wallet is Korea's New Crypto Wallet
Chiliz
The sports blockchain from Mediarex, Chiliz, announced its latest strategic partnership with the South Korean internet giant, NAVER, and introduced its latest product, the NAVER Pay Wallet. It is a new cryptocurrency wallet in the market and is available for the Korean market to utilize, offering a non-custodial wallet which means that users have control over their assets and private keys.
According to Chiliz founder and CEO, Alexandre Dreyfus (via TechCrunch), the new NAVER Pay Wallet is not aspiring to be a "typical crypto wallet." It will focus on offering a service that users can utilize and "loyalty blockchain technology."
Its service will be available in different sports, entertainment, and digital assets offered by the companies.
NAVER and Chiliz are now offering a commemorative NFT that is minted on the Chiliz Chain for users who will apply to the service now. Additionally, there will be an exclusive launch event this August 30 where as many as 50 South Korean users will get a chance to win an exclusive European Football Tour.
The grand prize winners will receive VIP Tickets and a "luxurious" Europe travel package, highlighting football games from top clubs, as well as NFTs.
Crypto Wallets for Asset Management
One of the most important aspects of owning cryptocurrency is also having a trusted and secure crypto wallet to store one's assets or holdings, especially as hacks and scams are prevalent in the industry. There are massive platforms that already offer wallets to help in storing one's goods, with the likes of Crypto.com's DeFi wallet, the Coinbase Wallet, Binance's Trust Wallet, and more.
Getting cryptocurrencies is the first step in one's investment aspirations, and factoring in trading could help grow these coins to more than one's capital. However, managing assets is another thing, and while crypto exchange platforms offer wallets to store these goods, it is not always secure or the company themselves may be targeted by hacks.
That being said, be wary of fake crypto wallets that masquerade as legitimate ones, as these have made their way to iOS and Android app marketplace platforms, awaiting their next victims.
This latest platform from Chiliz and NAVER leverages the NAVER Pay service for asset management, integrating the blockchain into its technology, and is now offering massive promotions to enjoy.
