BC Card Tests Stablecoin Tourist Payments
The technological foundation has been laid for foreign tourists to pay directly with dollar-based stablecoins at domestic credit card affiliated stores without currency exchange. BC Card announced on Aug. 12 that it has completed a proof of concept (PoC) for the “overseas digital asset wallet-domest
BC Card has successfully completed a proof of concept (PoC) for a system that allows foreign tourists to pay for goods in domestic stores using dollar-based stablecoins without currency exchange. This collaboration with Coinbase and Wavebridge involved implementing a "overseas digital asset wallet-domestic card payment infrastructure connection" in their technology verification environment.
The PoC tested the process using actual USDC and merchant terminals, confirming its operability in real-time. Key achievements included stable payment cancellation and refund processes. The companies expect this technology to improve payment convenience for tourists and boost sales for small business merchants in Korea.
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