Coinbase and BC Card Collaborate on USDC Payment Pilot in Korea
- The pilot will test a solution linking a domestic QR payment platform to USDC on the Coinbase-incubated Base platform.
- BC Card plans to establish a medium to long-term partnership following the demonstration.
- The goal is to build a compliant Korean won settlement process for merchants.
Coinbase and BC Card are collaborating on a pilot project that aims to integrate USDC with a domestic QR payment system in Korea, leveraging the Base platform. This initiative seeks to create a compliant settlement process for transactions in Korean won, potentially paving the way for broader adoption of cryptocurrency-based payments in the region.
By testing this integration, BC Card anticipates forming a sustained partnership with Coinbase, focusing on developing merchant solutions that comply with local regulations and enhance transaction efficiency using USDC. Source
