Payment processor Worldpay, now part of FIS Group, has joined the governance council of public blockchain Klaytn. The network was founded by GroundX, the blockchain subsidiary of Kakao, South Korea’s largest social network, which boasts more than 50 million monthly users.
It’s a big win for Klaytn if you consider FIS’s size, which in 2019 processed 75 billion transactions worth more than $9 trillion.
Worldpay joins a couple of major enterprises on the council, including founding member LG Electronics, defense contractor Hanwha Systems and the Philippine’s UnionBank. Other high profile members include cryptocurrency exchanges Binance and Huobi.
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