TLDR
- Co-branded card merges crypto and fiat for global spending ease.
- Travel Wallet app now supports direct crypto trading via Crypto.com.
- KRW stablecoin aims to revolutionize cross-border remittances.
- Crypto.com expands in Asia through South Korean fintech alliance.
- New card offers seamless, multi-currency spending for travelers.
Crypto.com has signed a significant partnership with South Korean fintech firm Travel Wallet to reshape global digital payments. The agreement enables seamless transactions between crypto and fiat via a co-branded prepaid card and a stablecoin payment model. Together, they aim to expand cross-border payments and bring real-world crypto use to millions of users.
Travel Wallet to Issue Co-Branded Card for Global Use
Crypto.com selected Travel Wallet as its primary card-issuing partner in South Korea under a new Memorandum of Understanding. Travel Wallet, which holds a Visa Principal License, will issue a co-branded prepaid card for spending crypto and fiat worldwide. The card will connect Crypto.com’s infrastructure with Travel Wallet’s network of over 100 million merchants.
This card will provide users with seamless multi-currency spending capabilities, supporting both traditional and digital assets. It targets travelers seeking convenience, flexibility, and global reach without relying on conventional banking systems. The companies plan to release the card to all existing Travel Wallet users and new customers in South Korea.
The move supports Crypto.com’s ongoing efforts to strengthen its presence in the Asian fintech market. By working with a trusted Korean partner, the firm gains access to a fast-growing payment ecosystem. Travel Wallet brings a strong user base of over 8 million and transaction volumes above KRW 6 trillion.
Crypto-as-a-Service Tools Power In-App Trading
The partnership also includes the integration of Crypto.com’s crypto-as-a-service (CaaS) tools into Travel Wallet’s mobile app. Users will now be able to buy, sell, and trade virtual assets directly through the Travel Wallet platform. This will provide frictionless access to crypto, eliminating the need for multiple apps or third-party exchanges.
The in-app trading feature adds significant value for users engaged in global travel and foreign exchange. It simplifies their access to digital assets and reduces reliance on external platforms for trading. This supports Crypto.com’s mission to expand mainstream crypto accessibility with practical tools.
Both companies will also explore shared referral and rewards programs to expand their user base across platforms. The goal is to enhance adoption of digital payments through cashback offers and joint promotions. These benefits will help build loyalty while encouraging usage of crypto in everyday transactions.
Stablecoin Initiative to Power Cross-Border Transfers
Travel Wallet and Crypto.com will promote a KRW-denominated stablecoin across their ecosystems to improve cross-border remittance. This stablecoin will enable fast and low-cost transfers, reducing friction in international transactions. It supports users who need a simple way to send or receive money globally without high fees.
The companies plan to integrate this stablecoin directly into their wallets and card services. This ensures compatibility with both fiat and digital currencies, streamlining user experience. It also positions South Korea as a leading market for blockchain-enabled financial technology.
Travel Wallet aims to unify foreign exchange, crypto, and stablecoin services in one app. Crypto.com adds the infrastructure to make this possible and scalable worldwide. This combined effort marks a key step in bringing blockchain finance to everyday payment systems.
