According to ME News, on April 5 (UTC+8), Oliver Jenkins, President of Visa, and Steven Carpin, Head of Asia-Pacific Business for the company, stated during visits to several Korean banks that Korea is the “best location” for stablecoin experiments. Oliver Jenkins said, “Korea has 17 million cryptocurrency investors and ranks second globally in paid subscription rates for the generative AI platform ChatGPT, after the United States. Therefore, Korea may lead the integration of artificial intelligence and stablecoins in the future. We believe Korea is the best place (outside the U.S.) to test stablecoins. We consider the Korean market very important.” (Source: Foresight News)
Visa executives praise South Korea as an ideal testing ground for stablecoins.
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Summary
Visa executives lauded South Korea as a leading destination for stablecoin testing, pointing to strong adoption of cryptocurrency and AI. Group President Oliver Jenkins highlighted 17 million local crypto investors and high ChatGPT subscription rates. The country’s momentum in AI and crypto news positions it as a key player in integrating stablecoins with AI. South Korea’s digital readiness makes it a prime candidate for cryptocurrency innovation and news.
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