In a significant move to expand its global presence, Crypto.com has announced a partnership with South Korean fintech company Travel Wallet aimed at enhancing crypto spending and payments. This collaboration will see the two companies launch a joint prepaid card, allowing users to spend both cash and cryptocurrencies seamlessly across the globe.
Travel Wallet boasts a robust user base, with over 8 million customers utilizing its mobile app and card to hold, exchange, and spend more than 40 different currencies. By integrating Travel Wallet’s established payment network with Crypto.com’s secure financial infrastructure, the partnership seeks to create a unified platform for exchanging cash, cryptocurrencies, and digital currencies.
Eric Anziani, President and Chief Operating Officer of Crypto.com, emphasized the readiness of South Korean consumers to embrace digital payments and innovative financial technologies. He believes that South Korea represents an ideal market for expanding their services and fostering closer connections with local users. Anziani articulates the vision of making crypto payments more efficient and rewarding by working alongside Travel Wallet, striving for a future where digital currencies are as accessible as traditional cash.
The collaboration will leverage Crypto.com’s crypto-as-a-service (CaaS) technology, allowing Travel Wallet users to trade digital assets directly through their mobile application. Moreover, both platforms will incorporate a KRW-based stablecoin to facilitate cheaper and quicker international transactions.
Kim Hyung-woo, CEO of Travel Wallet, heralded the partnership as a pivotal moment in merging fintech and blockchain finance. He envisions a system that will simultaneously manage and trade foreign currencies, cryptocurrencies, and stablecoins, thereby introducing an open and efficient financial landscape for millions of users worldwide. Kim expressed a desire for users to leverage cryptocurrencies for various everyday needs—be it shopping, travel, or remittances—just as simply as they would utilize cash.
Crypto.com’s growing footprint in South Korea is further illustrated by its designation as the official crypto payments partner for the upcoming APEC CEO Summit Korea 2025. Scheduled for October 28-31, 2025, in Gyeongju, the event aims to bring together global CEOs and experts to discuss AI, digital innovation, and economic growth. Tickets for the event will be available through Crypto.com Pay.
Additionally, the company recently introduced an enhanced user rewards program called Level Up, allowing zero-fee trading for both cryptocurrency and stock. Users can now earn up to 6% cashback in CRO tokens and access further rewards through Crypto.com cards or by staking CRO, all starting from a subscription fee of $4.99 per month.
These strategic developments have solidified Crypto.com’s commitment to South Korea, reflecting its ambition to shape the future of crypto transactions in the region and beyond.
