SK Telecom Partners with Aptos to Develop T Wallet Crypto Service

November 7, 2023 at 10:49 AM GST updated: December 5, 2023 at 08:24 AM 2 mins read Crypto Live News

SK Telecom partners with Aptos and Atomrigs Lab to advance T wallet.
First non-Ethereum virtual machine blockchain integration.
Collaboration aims to enhance web3 services and broaden user accessibility.

South Korea’s leading mobile carrier, SK Telecom, has entered into a strategic partnership with Aptos and Atomrigs Lab. Together they are working to advance SK Telecom’s web3 wallet service, T wallet.

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This collaboration aims to strengthen SK Telecom‘s connections with preferred mainnets and decentralized applications (dApps), focusing on enhancing the T wallet experience.

NEWS: SK Telecom, the largest mobile carrier in South Korea, is partnering with @Aptos_Network to develop its Web3 wallet service known as T wallet.

📰 https://t.co/iJVTndtwvR pic.twitter.com/RwKeLKGZhP
— CoinGecko (@coingecko) November 7, 2023

In detail, SK Telecom reveals that this partnership signifies its first integration with a virtual machine blockchain outside the Ethereum ecosystem. The collaboration with Aptos seeks to provide tangible benefits to users by connecting them with the promising dApp ecosystem developed by Aptos.

By leveraging Aptos’s innovative MoveVM blockchain technology, this integration is expected to significantly improve accessibility to Web3 services for a broader audience.

Avery Ching, Co-Founder and Chief Technology Officer of Aptos, expresses optimism about the partnership. Specifically, Ching emphasizes the potential for new internet experiences empowered by blockchain technology, boasting sub-second latency, exceptional throughput, and enterprise-grade operations.

Furthermore, this collaboration comes on the heels of SK Telecom’s recent partnership with CryptoQuant, which led to the launch of T wallet. T wallet is designed to allow users to access blockchain-based applications on their mobile devices for storing tokens securely.

Earlier in August, SK Telecom joined forces with Polygon Labs, further demonstrating its commitment to developing its web3 ecosystem. SK Telecom’s foray into the web3 world signifies its ambition to embrace blockchain technology and offer enhanced services to its users.

The company’s recent partnerships and collaborative efforts reflect the growing interest in crypto and decentralized applications within South Korea’s tech industry. As the web3 space continues to evolve, SK Telecom aims to stay at the forefront of innovation and provide customers with cutting-edge blockchain solutions.