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  • Writer's pictureMichael Paulyn

LG Electronics is Looking to Join the Blockchain Game with its New Crypto Wallet

The South Korean tech giant LG Electronics wants to break into the crypto game by launching its latest new crypto wallet app, "Wallypto." LG sees this new release as a step into giving the firm's business portfolio a fresh new facelift that's historically been heavy in the hardware sector.

This innovative new wallet application will let LG dip into crypto and become a gateway into blockchain and NFT. LG shared an announcement stating, "It is also expected to actively create synergy effects by combining blockchain technology with existing flagship businesses such as home appliances and electric fields."

Furthermore, LG explained that "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 new Wallypto will be powered by the Hashgraph blockchain and supported by Hedera HTS tokens. It is expected to be compatible with other cryptocurrencies in the future.

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