Japanese Telecoms Firms Embrace Cryptocurrency: NTT Subsidiary Set to Introduce Crypto Wallet

Japanese Telecoms Companies Embrace Web3 Technology

Japanese telecoms companies are venturing into the web3 space, with NTT Digital, a subsidiary of the communications giant NTT, preparing to launch a crypto wallet.

NTT Digital to Launch Scramberry Wallet for Business

NTT Digital, a dedicated arm of Nippon Telegraph and Telephone (NTT) focusing on web3 and blockchain technology, is set to introduce a crypto wallet named the Scramberry Wallet for Business by the end of 2024. The company has collaborated with the US-based now.gg platform for this initiative.

Focus on Corporate Use and Security

The wallet is designed for corporate use, with a focus on providing a secure and safe handling of cryptoassets. NTT Digital aims to offer functions through an Application Programming Interface (API) for its corporate customers, enabling them to integrate wallet features into their applications seamlessly.

Integration with NFTs and Gaming Sector

NTT Digital’s crypto wallet will also support NFTs and other digital items, catering to the gaming sector. The company envisions providing a secure gaming experience to users of the now.gg platform through the Scramberry Wallet for Business.

Collaboration and Future Prospects

NTT Digital CEO, Kenichi Hamana, highlighted the alliance with now.gg as a step towards creating new business opportunities in the gaming industry. The partnership aims to enhance the value proposition for users and game providers alike.

Expanding Web3 Initiatives in Japan

NTT is not the only telecom player delving into web3 technologies. Other companies like KDDI Corporation and Rakuten have also made significant investments in the space, signaling a growing interest in the potential of blockchain and cryptoassets.