{"id":66606,"date":"2022-09-01T18:06:51","date_gmt":"2022-09-01T15:06:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66606"},"modified":"2025-09-07T02:12:48","modified_gmt":"2025-09-06T23:12:48","slug":"media-reports-lg-plans-to-launch-a-crypto-wallet-based-on-hedera-hashgraph","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-reports-lg-plans-to-launch-a-crypto-wallet-based-on-hedera-hashgraph\/","title":{"rendered":"Media reports LG plans to launch a crypto wallet based on Hedera Hashgraph"},"content":{"rendered":"

South Korean tech giant LG Electronics is preparing to release in the third quarter of 2022 a cryptocurrency wallet named Wallypto based on the Hedera Hashgraph<\/a> network. News1<\/a> reports this.<\/p>\n

In August, the company began beta testing the app as the final stage of testing.<\/p>\n

According to the publication, LG registered the wallet’s name and logo as trademarks in Korea and abroad.<\/p>\n

In the initial phase, Wallypto supports HTS tokens and NFTs on Hedera. It is expected that after the official release, developers will widen the range of networks and assets integrated.<\/p>\n

\\\"Media
Wallet interface of Wallypto. Data: News1.<\/figcaption><\/figure>\n

In March, the company added<\/a> \\”development and sale of blockchain software\\” to its corporate charter.<\/p>\n

In their view, the new direction could create a synergy with the company’s core activities, such as home appliances and electronics. Presumably the wallet will interface with IoT<\/span>-devices built on the LG ThinQ platform.<\/p>\n

\n

\\”From the standpoint of an electronics manufacturer, they are uniquely interested in a payments system, because they can control it and obtain high-quality data,\\” commented Professor Kim Seung-ju of Korea University’s Graduate School of Information Security.<\/p>\n<\/blockquote>\n

He noted that such information is highly useful for developing new business models and services.<\/p>\n

In 2019, LG Electronics filed a patent application for a crypto wallet and announced plans to produce blockchain smartphones. The company exited the mobile devices market in 2021.<\/p>\n

In January 2022 LG, following Samsung<\/a>, unveiled<\/a> a line of smart TVs with NFT support.<\/p>\n

Follow ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 news about cryptocurrencies, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korean tech giant LG Electronics is preparing to release the Wallypto crypto wallet in the third quarter of 2022, based on the {{AOPEN_1}}Hedera Hashgraph{{ACLOSE_1}} network. News1 reports this.<\/p>\n","protected":false},"author":1,"featured_media":66607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2301,57],"class_list":["post-66606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-lg","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66606"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66606\/revisions"}],"predecessor-version":[{"id":66608,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66606\/revisions\/66608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66607"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}