"The Naver Pay Wallet is not aiming to become a typical crypto wallet, but a service around utility and loyalty blockchain technology," founder and CEO of Chiliz Alexandre Dreyfus said in an interview with TechCrunch.
"The target customers are tech-savvy South Koreans who are already using Naver Pay for digital transactions and are interested in exploring blockchain technology, particularly in the realms of sports, entertainment and digital assets," Dreyfus said.
In South Korea, more than 97,000 online and offline merchants use Naver Pay, a payment service that started its life on Naver's e-commerce platform Naver Shopping.
Naver's digital assets wallet, which is in beta, allows 33 million users to manage their digital assets and enable users to store NFTs.
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