Crypto.com has entered a strategic partnership with South Korean fintech firm Travel Wallet to revolutionize global digital payments through a co-branded prepaid card and integrated crypto services. Under a new Memorandum of Understanding, Travel Wallet, which holds a Visa Principal License, will issue the card, allowing users to spend both cryptocurrency and fiat currencies worldwide. The card connects Crypto.com's infrastructure with Travel Wallet's network of over 100 million merchants, targeting travelers with seamless multi-currency spending capabilities.
The collaboration includes integrating Crypto.com's crypto-as-a-service (CaaS) tools into Travel Wallet's mobile app, enabling users to buy, sell, and trade virtual assets directly without needing multiple apps. This feature aims to simplify access to digital currencies for over 8 million Travel Wallet users, who currently handle transaction volumes exceeding KRW 6 trillion. Additionally, the companies will promote a KRW-denominated stablecoin to facilitate fast, low-cost cross-border remittances, reducing reliance on traditional banking systems.
Eric Anziani, President and COO of Crypto.com, emphasized that South Korea's openness to digital payments makes it an ideal market for expansion, stating that the partnership will make crypto payments "faster, simpler, and more rewarding." Travel Wallet CEO Kim Hyung-woo described it as "the beginning of a new payment era where fintech finance meets blockchain finance," highlighting plans to unify foreign exchange, crypto, and stablecoin services in one platform. The card will be rolled out to all existing Travel Wallet users and new customers in South Korea, supporting Crypto.com's broader efforts in the region, including its role as the official crypto payments partner for the APEC CEO Summit Korea 2025.
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