- crypto.com partners with South Korea‘s KG Inicis to enable crypto payments for foreign travelers at its vast merchant network.
- Merchants can choose to receive payments instantly in either fiat currency or digital assets.
- The partnership reflects a growing global trend of countries integrating cryptocurrency options for tourism spending.
- The companies are exploring further joint marketing and product development, pending regulatory approval.
In a significant move for travel and crypto adoption, Crypto.com has partnered with major South Korean payment gateway KG Inicis to introduce cryptocurrency payment options for international visitors across the country, Korea” href=”https://crypto.com/en-nl/company-news/cryptocom-partners-with-kg-inicis-to-scale-digital-asset-payments-in-south-korea” target=”_blank” rel=”nofollow noopener”>according to a Tuesday announcement. This integration allows travelers to use digital assets for purchases both in physical stores and online through the extensive network of KG Inicis, which processes hundreds of millions of transactions annually.
“KG Inicis boasts an unrivalled merchant acceptance network with 40% market share and we’re proud to partner with this fintech powerhouse to make digital asset payments easier for travellers to Korea,” said Eric Anziani, president of Crypto.com. Consequently, affiliated merchants will have the flexibility to receive settled funds in traditional fiat or directly in cryptocurrency.
Meanwhile, the two firms indicated plans for deeper collaboration beyond the initial payment rollout. They are exploring joint marketing initiatives and new product development, subject to necessary regulatory approvals.
“Through our collaboration with Crypto.com, we plan to expand an infrastructure where digital assets can be utilised in actual economic activities, all while ensuring a solid legal and regulatory foundation,” a KG Inicis representative stated. This partnership follows Crypto.com‘s recent regulatory progress, including conditional approval for a U.S. national bank charter in February.
This development aligns with a broader international trend of catering to crypto-holding tourists. For instance, Bhutan launched a similar system with Binance Pay in May 2025, and Thailand announced its own “TouristDigiPay” program last August.
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