Crypto.com and KSNET collaborate to provide the foreign tourists with an opportunity to make the crypto payments whilst travelling South Korea

Crypto.com and KSNET have signed a revolutionary partnership that will allow foreign travelers to make cryptocurrency payment in South Korea through Crypto.com Pay. This new program enables an individual to pay for the goods and services with the cryptocurrency in top fashion, beauty, and duty-free stores around the state. What is more, foreign tourists with the Crypto.com Visa Card can now use their physical or digital cards to make payments for mass transit in Jeju, one of South Korea’s most popular tourist destinations. This is a tremendous growth since the transport system in Jeju has for the longest time operated on the closed loop model, and thus this move is an encouraging step into integrating cryptocurrency into daily use. KSNET: A Leading Payments Provider KSNET is the largest payment service provider in South Korea and one of the leading four VANs (Value-Added networks) in the country. By serving over 330, 000 merchants and processing over USD $4 billion per month in transactions, KSNET processes almost 130 million transactions per month. With the integration of Crypto.com Pay, and through the partnership, the merchants and customers would alike be able to enjoy the advantages of a faster, cheaper, and more efficient payment processing without having to pay a significant amount of transaction fees. Evolving the day to day applicability of cryptocurrencies “Further enabling the everyday utility of cryptocurrencies is central to our vision of crypto in every wallet,” said Eric Anziani, President and COO of Crypto.com. “By partnering with KSNET, the leading merchant payment provider of Korea, we are taking a significant step forward in that vision.” “KSNET continuously provides innovative payment solutions to meet the evolving needs of merchants and customers,” said Hankook Park, CEO of KSNET. “Through this partnership with Crypto.com, we expect to expand payment options for foreign travelers and further strengthen KSNET’s position in Korea’s payment industry.” About Crypto.com Crypto.com was established in 2016, and it has more than 140 million customers in the world and is known as a leader in regulatory, security, and privacy aspects in the industry. The mission statement of the company – Cryptocurrency in Every WalletTM – provides its motivation to speed up the adoption of cryptocurrencies and empower the next generation of creators, conductors, and builders in a digital system that is more just and fair. Learn more at: https://crypto.com About KSNET Co. Ltd. Founded in 1999, KSNET is a leading B2B payment fintech service provider in South Korea, providing expertise in Merchant Acquiring, Total Processing, and Payment Gateway Services. KSNET is one of the key players in the country’s financial ecosystem, trusted by over 330,000 merchants.