Crypto.com, KG Inicis roll out crypto payments for tourists in South Korea

Crypto.com has partnered with KG Inicis to introduce crypto payment options for foreign tourists visiting South Korea. The companies plan to roll out Crypto.com Pay across KG Inicis’ merchant network, allowing international travelers to pay for goods and services using digital assets at both physical stores and online platforms.

Merchants within KG Inicis’ network can choose to receive payments instantly in fiat or digital assets, settling transactions according to their preference. KG Inicis is one of South Korea’s largest payment gateway providers and handles hundreds of millions of transactions annually.

It also boasts around 190,000 affiliated merchants and commands nearly 40% market share. The two firms say they will explore additional cooperation, including joint marketing efforts and new product development, subject to regulatory approval. The latest partnership fits into Crypto.com’s broader expansion plans: last month the company secured conditional approval for a U.S.

South Korea

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