KEY TAKEAWAYS
- Crypto.com partners with Travel Wallet to enhance digital payment services in South Korea.
- The collaboration includes a co-branded prepaid card for spending fiat and cryptocurrency globally.
- Integration of Crypto.com’s services into Travel Wallet’s app will enable seamless cryptocurrency trading.
- The partnership aims to promote a KRW-denominated stablecoin for efficient cross-border payments.
October 21, 2025 – Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Travel Wallet, a prominent South Korean fintech company specializing in digital payments and currency exchange for global travelers. The partnership aims to enhance the financial services offered by both companies, particularly in the realm of cryptocurrency and digital payments.
As part of the collaboration, Travel Wallet will become Crypto.com’s preferred issuing partner in South Korea. The companies plan to launch a co-branded prepaid card that allows users to spend both fiat and cryptocurrency globally. This initiative is expected to leverage Travel Wallet’s existing infrastructure, which supports over 40 currencies through its mobile app and card, serving more than 8 million users.
Integration of Crypto Services and Stablecoin Promotion
In addition to the prepaid card, the partnership will see the integration of Crypto.com’s crypto-as-a-service (CaaS) capabilities into Travel Wallet’s app. This integration will enable users to trade virtual assets directly within the platform, providing a seamless experience for those looking to engage with cryptocurrencies.
Furthermore, Crypto.com and Travel Wallet will jointly promote Travel Wallet’s KRW-denominated stablecoin across both ecosystems. This effort aims to support faster and lower-cost cross-border payments, enhancing the efficiency and appeal of digital transactions for users in South Korea and beyond.
Strategic Growth and Market Impact
The partnership also includes plans to explore a referral and rewards program designed to drive mutual user growth across both platforms. Eric Anziani, President and Chief Operating Officer of Crypto.com, highlighted the significance of the South Korean market, stating that it is a continuously growing fintech and crypto hub. He expressed enthusiasm for the partnership’s potential to offer crypto-powered features that enhance user experience.
Kim Hyung-woo, CEO of Travel Wallet, emphasized the transformative nature of the agreement, describing it as the beginning of a new payment paradigm where fintech finance meets blockchain finance. He noted that the collaboration is set to elevate the global competitiveness of Korea’s fintech industry.
For more details, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Crypto.com has partnered with Travel Wallet to introduce a co-branded prepaid card in South Korea, enhancing digital payment capabilities by allowing users to transact in both fiat and cryptocurrency.
A Coingecko report highlights the integration of cryptocurrencies into mainstream payment systems as a key trend in 2025. This aligns with Crypto.com’s strategy to leverage Travel Wallet’s infrastructure to offer a seamless payment experience, indicating a broader adoption of crypto in everyday transactions.
As per insights from Fortune, Crypto.com’s rapid market growth is driven by strategic partnerships and expanding institutional reach. This supports the partnership’s potential to enhance user experience and market presence in South Korea.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
