Lee Kim Yew's private firm ropes in Crypto S11 Digital for crypto wallet venture

Country Heights Holdings Bhd founder and chairman Tan Sri Lee Kim Yew (third from left) at an event to preview Unicorn Wallet, a crypto-wallet platform, today. Photo by Sam Fong

Lee: We will work closely with the authorities to ensure Malaysia can ride the tide of blockchain technology and cryptocurrencies to spur the economy into new heights. Photo by Sam Fong

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SERI KEMBANGAN (Jan 9): Mines 567 Sdn Bhd, a private investment firm wholly-owned by businessman Tan Sri Lee Kim Yew, has partnered Crypto S11 Digital Pte Ltd to commence the beta testing of Unicorn Wallet, a cryptocurrency wallet aimed to provide seamless payment transactions.

Under the beta testing period, the e-wallet will undergo testing among a select group of users over a period of six months, before it is made available to the public.

Mines 567 said it welcomes the participation of government authorities and regulators in the testing period.

At an event held earlier today, Lee, who is also the founder and chairman of Country Heights Holdings Bhd, reiterated his confidence in blockchain technology and said the investment in a cryptocurrency wallet is an important step to develop the blockchain industry in Malaysia.

"Without demonstrating this cryptocurrency wallet, no one will know how this will benefit the subscribers and the market. Hence, I am investing in this technology and associating myself with Crypto S11 Digital, a company which shares my vision and hopes to eventually develop a blockchain bank to complete the whole ecosystem," he said.

Mines 567 owns 19.99% of the British Virgin Islands-incorporated Crypto S11 Digital.

"We will work closely with the authorities to ensure Malaysia can ride the tide of blockchain technology and cryptocurrencies to spur the economy into new heights," added Lee.

The Unicorn Wallet, which aims to be the AliPay of the blockchain world, supports real-time payments of online purchases, hotel bookings, bills, peer-to-peer transactions and a digital asset exchange.