OpenAsset Signs Payment Infrastructure Agreement with Crypto.com
Prefer us on GoogleOpenAsset has signed a Memorandum of Understanding (MOU) with Crypto.com regarding a digital asset-based payment infrastructure. This agreement aims to explore the possibility of linking domestic payment networks, focusing on the integration of Crypto.com's payment service, Crypto.com Pay, with local payment infrastructure. The two companies plan to examine the technical integration methods, operational structures, and settlement requirements in advance. Under the agreement, both parties will consider ways to connect the digital asset payment methods of Crypto.com Pay users with the payment environment of domestic merchants, allowing these merchants to settle in Korean won without directly holding digital assets. OpenAsset is expected to play a role as a provider of digital asset payment infrastructure connecting domestic electronic financial service providers, such as simple payment companies and electronic payment service providers (PG). However, this agreement does not confirm the launch or commercialization of services in the domestic market, and specific service structures and timelines will be determined considering relevant laws and guidelines from financial authorities.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
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