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

Alibaba’s Lazada hires Ant Group veteran to head up payments
ACCCIM welcomes govt approval to bring in 32,000 foreign workers for plantation sector
Gadang bags Central Spine road subcontract worth RM100mil
Digital drive propels Eco World sales growth in Q3�
KLCI in the red as key heavyweights weigh
Oil fall as US storm-hit supply makes slow return
UOB Kay Hian upbeat on gaming as NFOs restart operations
With creditor talks progress, AirAsia X eyes end-Oct meets
China seen holding benchmark rate in Sept, some expect more liquidity support
Asian shares steady, but set for weekly losses as global growth fears nag

Stories You'll Enjoy