1inch is partnering up with Ground X and integrating the 1inch Swap API into Klip to power the swapping functionality for one of the most popular crypto wallets in South Korea.
In line with its unwavering commitment to deliver seamless DeFi experiences worldwide, the 1inch Network is thrilled to unveil a partnership with Ground X, an affiliate of South Korean Internet giant, Kakao. The collaboration starts with integrating the 1inch Swap API into Klip, a multichain mobile wallet launched by Ground X.
Klip is available in KakaoTalk, a messaging application that engages over 90% of the South Korean population with digital assets right on their mobile devices. The accessibility factor is crucial, as users can effortlessly access the wallet using their social network profiles, particularly their KakaoTalk IDs. Klip supports the Klaytn, Ethereum and Polygon networks and generously welcomes tokens obtained from various blockchain-based social media, gaming and e-commerce platforms. Since its launch in June 2020, Klip has already accumulated two million users, establishing itself as the leading digital asset wallet in the region.
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Swaps powered by the 1inch Swap API will take Klip users’ trading experience to another level thanks to the API’s discovery and routing algorithm, which finds the optimal paths for a token swap in the shortest possible time. Through the 1inch Swap API, all Klip users will now gain access to the best rates across an array of DEXes, with an expanded list of swappable asset pairs.
“We firmly believe that this strategic partnership with the 1inch Network will empower us to enhance Klip’s services significantly, offering a seamless and user-friendly swap experience for Klip users,” says Zooil Yang, CEO of Ground X. “Building on this partnership, we will actively explore further collaborations across diverse fronts, fueling our drive for continued growth and innovation.”
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“We are excited to expand the integration landscape by joining forces with Ground X and powering its cutting-edge Klip wallet. This strategic partnership aligns perfectly with our vision of broadening our presence in the APAC region,” adds Sergej Kunz, co-founder of 1inch Network. “We consider South Korean users a vital part of our mass adoption path and hold them in high regard while, in response, they show genuine interest in our DeFi solutions.”
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