May 13, 2025 – Crypto.com and KSNET today announced a partnership to enable cryptocurrency payments for foreign travelers via Crypto.com Pay, allowing travelers to pay with crypto at leading fashion, beauty, and duty free stores throughout the country.
Additionally, foreign travelers who are Crypto.com Visa Card holders can now also use their physical or digital cards to pay for mass bus transit in Jeju, one of most attractive destinations in Korea that has been operating in a closed loop system until now.
KSNET is Korea’s most comprehensive payment provider company and a top four Value-Added Network (VAN), or fintech service provider, in Korea. KSNET serves more than 330 thousand merchants across Korea, enabling approximately 130 million transactions per month and with nearly USD $4 billion in transaction volume per month. With Crypto.com Pay, merchants and customers have a better, faster, and cheaper payment solution. Crypto.com Pay allows merchants to receive cryptocurrencies from a growing base of Crypto.com App users with lower transaction fees.
“Further enabling the everyday utility of cryptocurrencies is central to our vision of crypto in every wallet,” said Eric Anziani, President and COO of Crypto.com. “By partnering with KSNET, the leading merchant payment provider of Korea, we are taking a significant step forward in that vision.”
“KSNET continuously provides innovative payment solutions to meet the evolving needs of merchants and customers,” said Hankook Park, CEO of KSNET. “Through this partnership with Crypto.com, we expect to expand payment options for foreign travelers and further strengthen KSNET’s position in Korea’s payment industry.”
About Crypto.com
Founded in 2016, Crypto.com is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.
About KSNET co. ltd.
Founded in 1999, KSNET is trusted by more than 330 thousand merchants throughout South Korea and is the industry leader in B2B payment fintech; merchant acquiring, total processing services and payment gateway solutions.
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