Crypto.com Partners with South Korea’s Travel Wallet to Launch Won-Based Stablecoin and Global Crypto Card
October 21, 2025 — Seoul
Crypto.com has signed a major partnership with South Korean fintech leader Travel Wallet, aiming to make cryptocurrency spending easier and more accessible for travelers around the world.
The two companies announced the Memorandum of Understanding (MoU) on October 21, outlining plans to integrate crypto payments, introduce a KRW-pegged stablecoin, and launch a co-branded global prepaid card.
A New Bridge Between Crypto and Everyday Payments
Travel Wallet, one of South Korea’s fastest-growing financial platforms, serves over 8 million users and processes transactions worth more than ₩6 trillion (around $4.3 billion). The app already allows users to hold, convert, and spend over 40 different currencies — and now, crypto will become part of that experience.
Under the new deal, Travel Wallet will become Crypto.com’s main issuing partner in South Korea. Together, the two firms plan to release a prepaid card that supports both fiat and cryptocurrency payments globally.
The partnership also aims to roll out a Korean won (KRW)-pegged stablecoin, designed to simplify cross-border payments, reduce fees, and improve transaction speeds.
Crypto Trading and Payment Tools Inside Travel Wallet
The collaboration will integrate Crypto.com’s crypto-as-a-service tools directly into the Travel Wallet app, enabling users to buy, sell, and hold digital assets without leaving the platform.
Both companies are preparing joint marketing campaigns and loyalty programs to reward early adopters and attract new users from both ecosystems.
Leaders React: “A New Payment Paradigm”
Eric Anziani, President and Chief Operating Officer at Crypto.com, said the partnership marks another step toward making crypto useful in daily life.
“Our goal is to make crypto spending simpler, faster, and more rewarding for everyone,” said Anziani.
Kim Hyung-woo, CEO of Travel Wallet, described the partnership as a major turning point for fintech in Korea:
“This is the beginning of a new payment paradigm — where blockchain and finance work together to make travel and everyday transactions seamless.”
Connecting Crypto to Global Travel Payments
The collaboration links Travel Wallet’s international payment network — which supports Visa transactions in over 100 million locations — with Crypto.com’s global digital asset infrastructure.
For Crypto.com, the move strengthens its footprint in Asia, a market that’s increasingly open to crypto-based payments and digital asset innovation.
For Travel Wallet, it means offering its large customer base access to digital asset tools and stablecoin payments, expanding beyond traditional foreign exchange services.
Part of a Bigger Trend in Travel and Crypto
This announcement comes amid a wave of partnerships that connect blockchain with the travel and payment industries.
Platforms like Bitget Wallet, Travala, and Bookit.com have all introduced crypto payment support in 2025 — reflecting growing consumer demand for faster, borderless, and cost-efficient travel spending solutions.
By combining Travel Wallet’s fintech expertise with Crypto.com’s blockchain capabilities, this partnership could push crypto closer to mainstream financial adoption — not just as an investment, but as a tool for everyday global payments.
