According to Cointelegraph, Crypto.com has partnered with KG Inicis, a major South Korean payment gateway and value-added network service provider, to launch cryptocurrency payment services for international tourists visiting South Korea. KG Inicis processes hundreds of millions of transactions annually, and approximately 190,000 of its merchants will integrate Crypto.com Pay, enabling international travelers to pay with digital assets in both physical stores and online platforms. Merchants can choose to receive payments instantly in either fiat currency or digital assets. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that KG Inicis holds about 40% of the South Korean payment market, and this partnership aims to provide tourists with a more convenient digital asset payment experience. Previously, countries such as Bhutan and Thailand have rolled out cryptocurrency payment initiatives for tourists; this collaboration in South Korea continues that trend.
Crypto.com Partners with KG Inicis to Launch Crypto Payments for Foreign Tourists in South Korea
TechFlowShare
Summary
Crypto.com has launched a new token launch news initiative by partnering with KG Inicis to enable crypto payments for foreign tourists in South Korea. The service allows international visitors to pay with digital assets at approximately 190,000 merchants. Payments can be settled instantly in fiat or crypto. Crypto.com’s COO said the move builds on similar crypto market update efforts in Bhutan and Thailand.
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