Crypto.com has partnered with South Korean payment giant KG Inicis to launch cryptocurrency payments for tourists visiting South Korea

According to Cointelegraph, Crypto.com announced a partnership with South Korea's major payment gateway and value-added network service provider KG Inicis to launch cryptocurrency payment services for foreign tourists visiting South Korea.

KG Inicis processes hundreds of millions of transactions annually, and approximately 190,000 merchants under its umbrella will integrate Crypto.com Pay, allowing international travelers to use digital assets for payments in physical stores and online platforms. Merchants can choose to receive payments instantly in fiat currency or digital assets.

Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that KG Inicis holds about 40% of the market share in South Korea's payment sector, and this collaboration aims to provide a more convenient digital asset payment experience for travelers to South Korea.

Previously, several countries, including Bhutan and Thailand, have launched cryptocurrency payment projects aimed at tourists, and this partnership in South Korea continues that trend.