Post
Topic
Board Economics
Re: Northeast Asian messenger apps doing blockchain business
by
timerland
on 11/07/2019, 11:30:21 UTC
country/Messenger/Blockchain Business

Japan  >    Line    > Linkchain

Korea  >   Kakao  > Klaytn(operated by Ground X)

China  >  WeChat >  Huh? Huh Huh

China already has a ton of these. The earliest that I could recall seeing from that particular market would be Bixin, which as far as I know is still operational.

I personally think that the concept of social payments is extremely intriguing, especially when you consider what WeChat has done with their payment platform, essentially forming a duopoly with Alipay within the Chinese payment remittance market.

However, I'm still not entirely sold on this concept of messenger/social payments being used in BTC. It's a very niche market, and on top of that, as a user you'd always have to be concerned regarding the security of your funds; since using these services will always result in a lack of control over your own Privkeys.