SK Telecom Partners with Aptos for T Wallet Development - COINTURK NEWS
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SK Telecom Partners with Aptos for T Wallet Development

9:48 am (25 days ago)
November 7, 2023

South Korea’s largest telecom operator, SK Telecom, plans to further develop its T wallet through partnerships. After collaborating with Polygon Labs in August for the T wallet, the telecom operator has now partnered with Aptos (APT), a Layer 1 Blockchain that uses Move, a new smart contract programming language developed independently by engineers from Meta (formerly known as Facebook) Diem Blockchain.

SK Telecom – Aptos Partnership and T Wallet

SK Telecom, the largest telecom operator in South Korea, has partnered with Aptos and Atomrigs Lab to enhance its T wallet, also known as Web3 wallet, with APT, a leading altcoin. The three-way partnership aims to improve connections with customer-preferred mainnets and decentralized applications, focusing on the T wallet, as stated by the South Korean telecommunications company on LinkedIn.

SK Telecom stated that the partnership with Aptos will be the first Ethereum-compatible virtual machine blockchain integration. In a statement, the company mentioned, “By connecting to the promising decentralized application ecosystem in Aptos, we will provide tangible value to users. This integration, leveraging the innovative MoveVM Blockchain technology offered by Aptos, represents a significant progress in making Web3 services more accessible to a broader audience.”

Avery Ching, Co-founder and CTO of Aptos, expressed excitement about Move’s ability to unlock new internet experiences with sub-second latency, best-in-class efficiency, and enterprise-grade operations (backed by Blockchain) on his personal X (formerly known as Twitter) account.

SK Telecom’s Advancements in Web3

The partnership with Aptos follows SK Telecom’s collaboration with CryptoQuant last month for the launch of the T wallet. The wallet product is designed to provide users with access to a Blockchain-based application on their phones for storing cryptocurrencies.

The South Korean telecom giant had also partnered with Polygon Labs, the company behind Polygon (MATIC), in August to enhance the Web3 ecosystem.

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