Kakao is a household name in South Korea, as this web giant has a mobile app with over 100 million active users. This particular app lets users make free calls and send text messages, as long as they have an internet connection. Moreover, there is an entire ecosystem built around KakaoTalk.
In a way, Kakao has created their own social environment. Users can access photo sharing and the social network KakaoStory. Additionally, there is also a gaming platform and a content publishing platform. But at the same time, the enterprise is looking to expand its global reach through some strategic investments.
Satoshi Citadel (sci.ph) presents one of those critical investments for Kakao, as the Philippine Bitcoin startup has seen its fair share of success. Since being launched in 2014, the company offers financial services to Filipinos without a bank account. By using the popular cryptocurrency Bitcoin, anyone in the region can send and receive money at very cheap rates.
https://news.bitcoin.com/korean-giant-kakao-satoshi-citadel/
Topic: [2016-06-10] Korean Web Giant Kakao Invests in Satoshi Citadel (Read 251 times)
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