Property player develops cryptocurrency wallet


Lee: ‘Personally, I have no interest to buy back after CHGS is officially terminated and the plantation land sold’.

SERI KEMBANGAN: Property tycoon Tan Sri Lee Kim Yew has partnered with a technology firm to develop a cryptocurrency wallet mobile application.

The Unicorn Wallet, which will undergo testing among a select group of users for six months before it is available to the public, will deploy decentralised Blockchain technology.

Lee, during the pre-launch ceremony on Wednesday, said users will be able to store and transfer cryptocurrency among subscribers and merchants as an alternative means of payment.

“It is my firm belief that blockchain technology as well as cryptocurrency is inevitable.

“Therefore investing un a state-of-the-art cryptocurrency wallet is an important step and a must-have tool,” Lee said.

Lee, via his private investment entity Mines 567 Sdn Bhd, has invested into 19.99% equity of Crypto S11 Digital Pte Ltd, which will serve as the operator and joint owner of the Unicorn Wallet.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Lee Kim Yew

   

Next In Business News

CPO futures poised for technical correction next week
Join in the SCxSC 2021 for latest trends on fintech in the capital market
The ageing conundrum
Health and social systems a priority in shifting demographic trend
Budget to boost flagging industries
Lessons from China Auto
Is inflation good for the economy?
HSS to grow renewable energy business
Good growth prospects for telcos
On the path to V-shaped recovery

Others Also Read


Vouchers