South Korean payment company BC Card has successfully completed a pilot program that enables foreign consumers to pay domestic merchants using stablecoins. The initiative aimed to assess the stability and practicality of integrating digital currencies into the payment ecosystem of the East Asian country.
According to a press release published on BC Card's website, the two-month pilot program was conducted in partnership with blockchain finance company Wavebridge, international digital wallet provider Aaron Group, and cross-border remittance company Global Money Express.
During a press conference, BC Card President Choi Won-seok stated that stablecoins represent a "powerful paradigm that can transform existing payment processes." He added that as the largest payment network operator in South Korea, BC Card will lead efforts to create an environment where stablecoin payments can be easily used anywhere.
#USGDPUpdate | #USCryptoStakingTaxReview | #BTCVSGOLD | #CPIWatch | #StablecoinRevolution
