Japanese Telecoms Giant NTT to Launch Crypto Wallet for Business
Japanese telecoms companies are entering the web3 space, as NTT Digital, a subsidiary of Nippon Telegraph and Telephone (NTT), plans to launch a crypto wallet by the end of 2024. The wallet, named Scramberry Wallet for Business, will be developed in partnership with US-based platform now.gg. NTT Digital aims to provide corporate customers with a secure way to handle cryptoassets, including compatibility with NFTs and other items. The wallet may also cater to the gaming sector. This move reflects NTT’s focus on web3 and blockchain technology through its NTT Digital arm.
Partnership with now.gg for Enhanced Wallet Functionality
NTT Digital has reached a basic agreement with now.gg to develop the Scramberry Wallet for Business. This partnership will allow NTT Digital to provide functions through an Application Programming Interface (API) for corporate customers. The collaboration aims to enhance wallet functionality and security for users and game providers.
The Scramberry Wallet: A Safer Solution for Corporate Users
The Scramberry Wallet for Business is designed specifically for corporate use. It will offer a safer and more secure way for businesses to handle cryptoassets. With this wallet, corporate customers can introduce wallet functions into their applications without the hassle of creating or connecting to a separate wallet. This seamless integration will provide a convenient and secure experience for users.
Expanding Opportunities in the Gaming Industry
NTT Digital believes that the Scramberry Wallet for Business has potential in the gaming industry. The wallet will be compatible with NFTs and other items, making it suitable for gaming-related transactions. By offering a safe and secure gaming experience, NTT Digital aims to create new business opportunities and add value to the gaming industry.
KDDI Corporation and Rakuten’s Involvement in the Web3 Space
NTT Digital is not the only Japanese telecoms company venturing into the web3 space. KDDI Corporation has previously invested in a Japanese Play-to-Earn token initiative and made financial investments related to a web3 “fan platform.” Rakuten, another major player in the business and telecoms sector, has launched a popular crypto exchange subsidiary and has a strong presence in the crypto industry. These moves indicate the growing interest of Japanese telecoms companies in cryptocurrencies and blockchain technology.
NTT’s Backing of Progmat Stablecoin Issuance Platform
In addition to its involvement in the crypto wallet space, NTT has also backed the Progmat stablecoin issuance platform. This platform is developed by Mitsubishi UFJ, a prominent banking behemoth. NTT’s support for Progmat further demonstrates its commitment to exploring the potential of blockchain technology and cryptocurrencies.
Conclusion: Japanese Telecoms Companies Embrace Crypto
Japanese telecoms companies are embracing the world of cryptocurrencies and web3 technology. NTT Digital’s upcoming launch of the Scramberry Wallet for Business reflects its dedication to providing secure crypto solutions for corporate users. With partnerships with platforms like now.gg and investments in web3 initiatives, Japanese telecoms companies are positioning themselves at the forefront of innovation in the digital asset space.
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