Crypto.com has announced a strategic partnership with KG Inicis, South Korea’s largest payment gateway and value-added network (VAN) provider, to enable foreign tourists to pay for goods and services in South Korea using digital assets via Crypto.com Pay. The deal integrates Crypto.com’s crypto payment solution across KG Inicis’ extensive merchant network, which processes over 400 million transactions annually and serves around 190,000 merchants, covering both offline retailers and online “K‑commerce” platforms. Under the agreement, international visitors will be able to spend cryptocurrencies through Crypto.com Pay at participating KG Inicis merchants, with payments settled instantly and merchants able to choose to receive funds in either fiat currency or digital assets. KG Inicis, which holds roughly a 40% share of South Korea’s payment processing market, has committed to promoting Crypto.com Pay adoption among its merchants, positioning the partnership as one of the most significant expansions of crypto payment infrastructure in the Korean market to date. Both companies also indicated they will explore further collaborations such as co-marketing, promotional campaigns, and new product development, subject to compliance with local regulations. This move fits into a broader regional trend of enabling crypto payments for tourists, reducing reliance on traditional currency exchange and card networks while testing crypto’s role in everyday commerce. For Crypto.com, the partnership builds on its broader regulatory and commercial expansion, using Korea’s large and tech-forward commerce ecosystem as a showcase for real-world digital asset payments; for KG Inicis, it represents a step toward integrating crypto within mainstream economic activity while maintaining a strong legal and regulatory foundation. "entities":["Crypto.com","Crypto.com Pay","KG Inicis","Foris DAX Korea Limited","Eric Anziani"]} JSON Here’s the properly formatted response: json { "brief": "Crypto.com has announced a strategic partnership with KG Inicis, South Korea’s largest payment gateway and value-added network (VAN) provider, to enable foreign tourists to pay for goods and services in South Korea using digital assets via Crypto.com Pay. The deal integrates Crypto.com’s crypto payment solution across KG Inicis’ extensive merchant network, which processes over 400 million transactions annually and serves around 190,000 merchants, covering both offline retailers and online “K‑commerce” platforms.\n\nUnder the agreement, international visitors will be able to spend cryptocurrencies through Crypto.com Pay at participating KG Inicis merchants, with payments settled instantly and merchants able to choose to receive funds in either fiat currency or digital assets. KG Inicis, which holds roughly a 40% share of South Korea’s payment processing market, has committed to promoting Crypto.com Pay adoption among its merchants, positioning the partnership as one of the most significant expansions of crypto payment infrastructure in the Korean market to date. Both companies also indicated they will explore further collaborations such as co-marketing, promotional campaigns, and new product development, subject to compliance with local regulations.\n\nThis move fits into a broader regional trend of enabling crypto payments for tourists, reducing reliance on traditional currency exchange and card networks while testing crypto’s role in everyday commerce. For Crypto.com, the partnership builds on its broader regulatory and commercial expansion, using Korea’s large and tech-forward commerce ecosystem as a showcase for real-world digital asset payments; for KG Inicis, it represents a step toward integrating crypto within mainstream economic activity while maintaining a strong legal and regulatory foundation.", "entities": [ "Crypto.com", "Crypto.com Pay", "KG Inicis", "Foris DAX Korea Limited", "Eric Anziani" ] }`

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