Digital asset exchange InX (CEO Jaegang Lee) announced on the 24th that it signed a strategic business agreement (MOU) with Korea Payment Networks (KPN), a credit card VAN, electronic payment (PG), and digital finance (firm banking) infrastructure company, to jointly build a stablecoin-based payment solution.
Through this business agreement, the two companies will jointly plan and develop a next-generation payment infrastructure based on stablecoins and promote verification projects in online and offline payment environments. In particular, by combining InX’s blockchain technology with KPN’s nationwide merchant network and payment system operation experience, they plan to present a new payment solution that combines existing financial payment infrastructure and digital asset technology.
INEX, despite being a latecomer, is rapidly expanding its market share, ranking first in terms of USDT market trading volume among domestic digital asset exchanges. It is strengthening transaction stability and convenience through optimization of the user interface (UI) and professional manpower in the financial and blockchain fields, and recently enhanced its regulatory response capabilities through advanced anti-money laundering (AML) and information security management system (ISMS) certification.
Korea Payment Networks (KPN) is a leading payment infrastructure company that provides comprehensive payment solutions such as VAN, PG, firmware banking, and POS based on a relay network with major domestic card companies and banks. It has experience in processing billions of transactions annually at over 300,000 merchants and a nationwide merchant network, and is leading digital transformation through collaboration with various financial and fintech companies.
Through this agreement, the two companies will explore the practical usability of stablecoins in the real economy and jointly promote the design of a stablecoin-specific wallet and payment interface (API) that can be linked with KPN’s payment system. The plan is to initially start with kiosk and offline merchant payments, and gradually expand the scope of use to online commerce, etc.
An INX official said, “This MOU is an important starting point to increase payment convenience that customers can directly experience through practical linkage between digital assets and real-world payment infrastructure,” and “We will create an environment where digital assets can be naturally utilized in everyday life by overcoming the limitations of existing digital asset exchanges.” He added, “If stablecoin technology is combined with Korea Payment Networks’ accumulated payment infrastructure operation know-how, we will be able to present a new standard for digital payments.”
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