Crypto.com cooperates with KSNET to enable crypto payments for travelers in South Korea
Crypto.com and KSNet have signed a groundbreaking partnership that enables foreign travelers to pay in South Korea via Crypto.com Pay with cryptocurrencies. With this new program, individuals and services in leading fashion, cosmetics and duty-free shops can pay for cryptocurrency throughout the state.
In addition, foreign tourists can now pay with their physical or digital maps in public transport in Jeju, one of South Korea's most popular tourist destinations. This is an enormous increase, since the traffic system in Jeju has been working for a long time after the closed circuit model. Therefore, this step is an encouraging step to integrate cryptocurrencies into everyday life.
KSNet: A leading payment provider
KSNet is the largest payment service provider in South Korea and one of the four leading vans (Value-Added Networks). With over 330 dealers and a monthly transaction volume of over $ $ $ 20 billion, KSNET processes almost 4 million transactions per month. By integrating Crypto.com Pay and the partnership, retailers and customers benefit equally from faster, cheaper and more efficient payment processing without having to pay high transaction fees.
Further development of the everyday applicability of cryptocurrencies
“The further enabling of everyday use of cryptocurrencies is central to our vision of cryptocurrencies in every wallet,” said Eric Anziani, President and Coo of Crypto.com. “Due to the partnership with KSNet, the leading Korean payment service provider, we get a decisive step closer to this vision.”
“KSNET continuously offers innovative payment solutions to meet the growing needs of dealers and customers,” said Hankook Park, CEO of KSNET. “With the partnership with Crypto.com, we want to expand the payment options for foreign travelers and further strengthen KSNET's position in the Korean payment industry.”
Via crypto.com
Crypto.com was founded in 2016, has over 140 million customers worldwide and is considered the industry leader in the areas of regulation, security and data protection. The company's mission statement – “Cryptocurrency in Every Wallet ™” – motivates it to accelerate the spread of cryptocurrencies and to support the next generation of developers, operators and builders in a fairer and fairer digital system.
Find out more at: https://crypto.com
About KSnet Co. Ltd.
Founded in 1999, KSNET is a leading B2B payment infech service provider in South Korea and offers expertise in the areas of dealer acquisition, overall processing and payment gateway services. KSNet is one of the most important actors in the country's financial ecosystem and enjoys the trust of over 330,000 dealers.
