Why is KakaoTalk Interested in Satoshi Citadel Industries?

Bitcoin is known to be ideal for inexpensive remittance and micro transactions. This indispensable feature of digital currency will soon be implemented into KakaoTalk.

KakaoTalk is a popular South Korean chat application. The platform has over 170 million registered users who may soon be able to make digital currency transactions. According to reports, the company invested heavily into Philippines based Satoshi Citadel Industries. As part of the investment, the Seoul-based company has picked up a 40 percent stake in Satoshi Citadel.

It is speculated that the chat application provider’s investment is driven by its interest in Bitcoin as a mode of value transfer.

So, What Can KakaoTalk Do with Bitcoin Technology?

For starters, KakaoTalk can include a feature that enables people to send and receive money over the chat application. This will be an attractive feature that will allow the brand to compete with Apple’s upcoming version of iMessages. Apple’s iOS 10 is expected to have Circle integrated into iMessages as a third-party app, allowing users to send and receive funds over a Bitcoin-powered platform.

READ MORE: Apple Warms up to Bitcoin with Its Latest iMessages Update

If KakaoTalk indeed includes Bitcoin payment option through Satoshi Citadel Industries, it can also

Read more ... source: NewsBTC USA