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Crypto.com partners with Travel Wallet to launch a prepaid card and promote the use of the Korean won stablecoin.
Golden Finance reports that Crypto.com has signed a new cooperation agreement with South Korean fintech company Travel Wallet. Together, they will create a Korean won-pegged stablecoin and expand cryptocurrency payment options for global travelers. According to the agreement, Travel Wallet will become Crypto.com's main issuance partner in South Korea. The two parties will launch a co-branded prepaid card that supports payments in fiat currencies and crypto assets globally. In addition, the Travel Wallet application will also integrate Crypto.com’s “crypto-as-a-service” tools, allowing users to trade digital assets directly through the platform. The two companies will also jointly promote a stablecoin pegged to the South Korean won, which aims to reduce international transfer costs and enhance transaction speed.