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.