Quick Breakdown
- Crypto.com and Travel Wallet signed an MoU to introduce a KRW-pegged stablecoin and co-branded prepaid card.
- The collaboration will make crypto payments easier and more accessible for global travelers.
- The move strengthens Crypto.com’s Asian presence and supports the rise of crypto-integrated travel finance.
Crypto.com expands in South Korea with new fintech partnership
Crypto.com is strengthening its presence in Asia through a new partnership with South Korean fintech giant Travel Wallet, aiming to make cryptocurrency payments more accessible for global travelers.
https://t.co/vCNztATkNg has signed a Memorandum of Understanding with Travel Wallet to expand digital payment and cryptocurrency services in South Korea.
Read more 👉 https://t.co/wQBl6LMnTq pic.twitter.com/b4XtClhmM6
— Crypto.com (@cryptocom) October 21, 2025
The digital asset platform announced on October 21 that it had signed a Memorandum of Understanding (MoU) with Travel Wallet — a mobile payment and exchange platform with over 8 million users and ₩6 trillion ($4.3 billion) in transaction volume.
Co-branded card and won-pegged stablecoin in the works
Under the agreement, Travel Wallet will serve as Crypto.com’s main card-issuing partner in South Korea. The two companies plan to launch a co-branded prepaid card supporting both fiat and crypto payments, usable at millions of merchants worldwide.
In addition, the firms will jointly introduce a KRW-pegged stablecoin to simplify international transactions, cut transfer fees, and speed up settlements. The collaboration also covers joint marketing campaigns, user reward programs, and the integration of Crypto.com’s crypto-as-a-service technology into the Travel Wallet app — allowing users to trade and manage digital assets directly.
Crypto.com President and COO Eric Anziani described the deal as a major step toward “making crypto payments simpler and more rewarding for everyday use.” Meanwhile, Travel Wallet CEO Kim Hyung-woo said the collaboration represents “the beginning of a new payment paradigm” merging blockchain and fintech innovation.
Strengthening the link between travel and digital assets
The partnership merges Travel Wallet’s global Visa payment network, which operates in over 100 million locations, with Crypto.com’s growing digital asset infrastructure.
For Crypto.com, the alliance reinforces its expansion strategy in key Asian markets. For Travel Wallet, it brings blockchain-powered capabilities to users already active in cross-border payments and currency exchange.
Meanwhile, South Korea’s largest political party urged the government to fast-track the institutionalization of Korean won-pegged stablecoins, taking inspiration from the Trump administration’s recent stablecoin legislation.
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