ChainCatcher news, according to Cointelegraph, South Korea’s largest payment processor BC Card has successfully completed a stablecoin payment pilot project, allowing foreign users to make payments to local merchants.
The project, conducted in collaboration with blockchain company Wavebridge, wallet provider Aaron Group, and cross-border remittance provider Global Money Express, enables foreign users to convert stablecoins from overseas wallets into digital prepaid cards for spending.
BC Card stated that this is not just a short-term project but a preparation for implementing a long-term stablecoin payment structure in response to the evolution of South Korea’s stablecoin regulations.
