Korean Payment Giant BC Card Completes Stablecoin Payment Pilot

BlockBeats News, December 23rd - South Korean payment giant BC Card has completed a stablecoin payment pilot project, allowing foreign users to pay local merchants with stablecoins. The project was conducted in collaboration with BC Card, blockchain company Wavebridge, wallet provider Aaron Group, and cross-border remittance provider Global Money Express, enabling foreign users to convert stablecoins held in their overseas wallets into digital prepaid cards through BC Card.

BC Card is one of South Korea's largest payment companies, processing over 20% of card transactions in South Korea, covering 3.4 million domestic merchants, with its largest shareholder being KT Corporation, one of South Korea's three major telecom companies.