Kakao’s Blockchain Platform Klaytn Adds Worldpay To Governance Council

Announcements, Blockchain, News | August 4, 2020 By:

Blockchain platform Klaytn has announced that global financial technology firm Worldpay is joining the Klaytn Governance Council.

Klaytn is a blockchain platform developed by GroundX, a subsidiary of South Korean chat giant Kakao. It provides an optimized platform for service providers to develop and operate decentralized applications (DApps). It prioritizes its efforts on the mass adoption of blockchain services as to substantiate the value and utility of blockchain technology.

Worldpay is a global leader in payments processing technology and solutions for their merchant customers, simplifying payments by breaking through borders and obstacles to help businesses grow. The company was acquired by Fidelity National Information Services, Inc. (FIS) in July 2019 for $43 billion.

As a member of the Klaytn Governance Council, Worldpay will work with other members to develop a blockchain-based omnichannel distribution hub to service global credit and debit card processing for Klaytn and its ecosystem partners including exchanges, traders and custodians.

“We are excited to welcome Worldpay to join the Klaytn Governance Council,” said Sangmin Seo, the Head of Platform Group at Klaytn. “We look forward to working with this payments leader to implement use cases that will foster the development of blockchain-empowered digital payment solutions.”