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Partnership to Expand Digital Payment and Crypto Services in South Korea
October 21, 2025 – Crypto.com today announced it has signed a Memorandum of Understanding (MoU) with Travel Wallet, a leading South Korean fintech company specializing in digital payments and currency exchange for global travelers.
As part of the partnership, Travel Wallet, which enables its more than 8 million users to hold, exchange, and spend over 40 currencies through its mobile app and card, will become Crypto.com’s preferred issuing partner in South Korea, launching a co-branded prepaid card that enables users to spend both fiat and crypto globally. The companies will also collaborate on integrating Crypto.com’s crypto-as-a-service (CaaS) capabilities into Travel Wallet’s app, allowing users to trade virtual assets directly within the platform. Additionally, Crypto.com will jointly promote Travel Wallet’s KRW-denominated stablecoin across both ecosystems to support faster, lower-cost cross-border payments. The two firms will also explore a referral and rewards program to enable mutual user growth across both platforms.
“South Korea is a significant and continuously growing fintech and crypto market, and Travel Wallet has built a trusted brand among global travelers,” said Eric Anziani, President and Chief Operating Officer of Crypto.com. “We are excited to partner with Travel Wallet to offer crypto-powered features that make spending and trading easier, faster, and more rewarding for a consumer base eager to engage with these kinds of features.”
“This agreement marks the beginning of a new payment paradigm where fintech finance meets blockchain finance," said Kim Hyung-woo, CEO of Travel Wallet. "Travel Wallet will build a unified payment ecosystem encompassing foreign currencies, cryptocurrencies, and stablecoins. This move is set to significantly elevate the global competitiveness of Korea's fintech industry.”
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users 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/kr.
About Travel Wallet
Established in 2017, Travel Wallet is an innovative fintech platform that provides a multi-currency solution for global travelers. As the first company in Asia to secure a VISA Principal License, it offers the signature 'Travel Pay' card with the market's lowest exchange fees. The platform simplifies foreign exchange and payment processes, now supporting over 46 currencies and 100 million global merchants. With cumulative transactions surpassing KRW 6 trillion and 8 million issued cards, Travel Wallet is now scaling its global expansion, leveraging its proprietary cloud-based payment processing service.
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Foris DAX MT Limited is a limited liability company incorporated in Malta with Company registration number C 88392 and registered office at Level 7, Spinola Park, Triq Mikiel Ang Borg, SPK 1000, St. Julians, Malta, trading under the name Crypto.com, duly authorized by the Malta Financial Services Authority as a Crypto-Asset Service Provider pursuant to Regulation 2023/1114 on Markets in Crypto-Assets as implemented in Malta by the Markets in Crypto Assets Act. Foris DAX MT Limited is authorized to provide the following services: 1. Exchange of crypto-assets for funds; 2. Exchange of crypto-assets for other crypto-assets; 3. Reception and transmission of orders for crypto-assets on behalf of clients; 4. Execution of orders for crypto-assets on behalf of clients; 5. Transfer services for crypto-assets on behalf of clients; and 6. Custody and administration of crypto-assets on behalf of clients.
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