On 21 October 2025 Crypto.com and Travel Wallet signed an MoU to launch a co-branded prepaid crypto travel card and integrate crypto-as-a-service features in South Korea, according to the Crypto.com press release.
How will the crypto prepaid card korea partnership work?
How will the multi currency travel card operate?
Travel Wallet will become Crypto.com’s preferred issuing partner in South Korea and will roll out a co-branded prepaid card that lets holders spend fiat and crypto worldwide.
Travel Wallet already supports more than 46 currencies and has issued 8 million cards, with cumulative transactions above KRW 6 trillion. See a practical overview of a crypto prepaid card for traveller use cases.
Will the Travel Wallet crypto app add crypto as a service and a KRW-denominated stablecoin?
Will this enable cross border crypto payments?
Crypto.com will integrate its crypto as a service (CaaS) capabilities into the Travel Wallet crypto app, enabling in-app trading of virtual assets and streamlined settlement options.
The partners will jointly promote a KRW-denominated stablecoin to support faster, lower-cost cross border crypto payments. For analysis on CaaS implications, see our piece on crypto CaaS.
“South Korea is a significant and continuously growing fintech and crypto market, and Travel Wallet has built a trusted brand among global travelers,” said Eric Anziani, President and Chief Operating Officer of Crypto.com, in the company statement.
“This agreement marks the beginning of a new payment paradigm where fintech finance meets blockchain finance,” said Kim Hyung-woo, CEO of Travel Wallet, in the same release. Launch timing and commercial terms were not disclosed.
What should users and investors watch next in crypto payments south korea? In brief,
Key indicators are product rollout dates, regulatory guidance on stablecoins, and early adoption metrics for the KRW coin. The MoU also contemplates referral and rewards programs to grow users across both platforms.
Monitor official updates from Crypto.com and Travel Wallet and regulatory notices in Korea; our coverage of stablecoins in Korea and broader crypto payments can help track developments.
The MoU signed on 21 October 2025 establishes a pathway for a co-branded prepaid card, CaaS integration, and a KRW stablecoin intended to speed cross-border payments in South Korea.
