Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter's blockchain-based payment system, English-language news outlet The Korea Times reported Nov. 14.
The new partnership agreement will apply the former's blockchain platform technology Klaytn, the brainchild of Kakao subsidiary Ground X, to a blockchain-based payment system.
Through the two firms’ cooperation, the article notes plans “to enhance core requirements for payment services, such as speed, stability and reliability,” adding
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