Crypto.com is expanding its presence in South Korea by partnering with local fintech company Travel Wallet to launch a joint prepaid card. The goal of this collaboration is to make spending and paying with cryptocurrency as easy and common as using traditional fiat money on a global scale.
Expanding Reach and Simplifying Payments
- Main Card-Issuing Partner: Travel Wallet, which currently serves over 8 million customers handling more than 40 currencies, will be Crypto.com's main card-issuing partner in South Korea. The joint prepaid card will enable users to easily spend both cash and crypto anywhere in the world.
- Ideal Market: Eric Anziani, Crypto.com's President and COO, highlighted South Korea as an ideal market for expansion due to its high adoption of digital payments and openness to new financial technologies. He stressed that the partnership will make crypto payments "faster, simpler, and more rewarding," advancing the vision of freely spending digital assets.
- Unified Platform: The collaboration will create a smooth experience for users to manage cash, crypto, and digital currencies on a single platform, leveraging Travel Wallet's user base and trusted payment network alongside Crypto.com's secure systems.
New Crypto Features for Travel Wallet
- Crypto-as-a-Service (CaaS): Travel Wallet will integrate Crypto.com's CaaS technology, allowing its users to trade digital assets directly within its mobile app.
- Stablecoin Support: The partnership will also introduce a KRW-based stablecoin across both platforms to facilitate cheaper and faster international transfers.
- New Payment Era: Kim Hyung-woo, Travel Wallet's CEO, views the deal as the start of a "new payment era where fintech finance meets blockchain finance," aiming to build a single system for foreign currencies, cryptocurrencies, and stablecoins.
Broader South Korean Engagement
The Travel Wallet deal is part of Crypto.com's wider push in the region. The company has also been named the official crypto payments partner for the APEC CEO Summit Korea 2025 (scheduled for October 28-31, 2025), selling event tickets through its Crypto.com Pay platform. Additionally, the company recently rolled out an enhanced user rewards program, Level Up, in September 2025, offering features like zero-fee trading and up to 6% cashback in CRO tokens.
October 2025, Cryptoniteuae