In accordance with Chainthink, South Korea's largest payment infrastructure provider, BC Card, has partnered with Base to launch a pilot for USDC-based local payments in the country. The collaboration aims to integrate Base's wallet with BC Card's QR payment system to test USDC transactions at Korean merchants, with final settlement in Korean won, to evaluate compliance, interoperability, and practical feasibility.
South Korea's BC Card Partners with Base to Pilot USDC-Based Local Payments
ChainthinkShare
Summary
South Korea's BC Card has joined forces with Base to test USDC-based local payments, focusing on crypto compliance. The pilot will link Base's wallet with BC Card's QR system to process USDC transactions at local merchants, with final settlement in Korean won. The initiative aims to assess token launch news, compliance, and real-world usability.
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