Crypto.com has entered into a new strategic agreement with Travel Wallet, one of South Korea’s leading fintech firms, marking another step in the country’s fast-growing digital payment and crypto adoption. The Memorandum of Understanding (MoU), announced today, outlines a partnership designed to integrate crypto-based services into mainstream travel finance.
Travel Wallet, known for its mobile app and global travel card, currently serves over 8 million users who can store, exchange, and spend more than 40 currencies worldwide.
Through this collaboration, the company will become Crypto.com’s preferred issuing partner in South Korea. The partnership aims to launch a co-branded prepaid card that allows users to pay seamlessly with both traditional fiat money and cryptocurrencies wherever they travel.
The upcoming card will bridge traditional and digital finance, giving users access to real-time crypto-to-fiat conversion. This feature aims to make overseas spending more convenient and cost-effective, particularly for frequent travelers.
By integrating Crypto.com’s crypto-as-a-service (CaaS) technology, Travel Wallet users will also be able to trade virtual assets directly through its existing mobile platform without relying on external exchanges.
This development represents a major upgrade for South Korea’s digital payment landscape, where demand for blockchain-enabled services has surged.
According to recent market data, South Korea’s fintech sector has surpassed $7 billion in transaction volume this year, reflecting a strong appetite for crypto-linked financial tools. Industry observers note that this partnership strengthens Crypto.com’s regional presence while providing Travel Wallet users with a more diverse financial experience.
In addition to the card integration, both companies will jointly promote Travel Wallet’s KRW-denominated stablecoin. The goal is to simplify cross-border payments by reducing transaction costs and settlement times. This stablecoin initiative could become a key driver for digital commerce among Korean travelers and businesses operating internationally.
The agreement also includes plans for referral and rewards programs designed to encourage user growth across both ecosystems. These incentives will allow customers to earn benefits for trading, spending, or holding assets within the two platforms.
Crypto.com’s President and COO, Eric Anziani, emphasized South Korea’s importance as a growing hub for fintech innovation, while Travel Wallet’s CEO, Kim Hyung-woo, highlighted the move as a milestone toward merging traditional financial services with blockchain technology.
With this partnership, both firms are positioning themselves at the forefront of a new era where global payments seamlessly merge crypto, fiat, and stablecoin networks.
Also Read: Crypto.com Strikes Powerful Partnership with Talos to Supercharge Institutional Trading