Crypto.com partners with South Korea’s largest payment gateway provider
Crypto.com has partnered with KG Inicis to integrate Crypto.com Pay for digital asset payments across South Korea's largest merchant network.Summary
Crypto.com announced a partnership with KG Inicis, South Korea's largest payment gateway provider, which holds a 40% market share and processes over 400 million transactions annually. The collaboration aims to integrate Crypto.com Pay into KG Inicis's merchant network to enable foreign travelers to use digital assets for local goods and services. Merchants will benefit from immediate settlements in fiat or crypto, while customers gain faster, lower-cost payment options. KG Inicis stated its commitment to expanding infrastructure for utilizing digital assets in real economic activities under a solid regulatory framework. This move aligns with broader digital asset expansion efforts in South Korea, which is currently developing legislation like the "Digital Asset Basic Act" to regulate the sector.
(Source：The Block)