Crypto.com has partnered with KG Inicis, one of South Korea’s largest payment gateways and value-added network providers, to introduce cryptocurrency payment options to foreign visitors across the country.
KG Inicis, which processes hundreds of millions of transactions annually from this service, which is used by approximately 190,000 affiliated merchants, will support the implementation of Crypto.com Pay across the network, According to until Tuesday’s announcement.
“KG Inicis boasts an unrivaled merchant acceptance network with a 40% market share, and we are proud to partner with this fintech powerhouse to make digital asset payments easier for travelers to Korea,” said Eric Anziani, president and chief operating officer of Crypto.com.
The integration enables international travelers to pay for goods and services using digital assets both in brick-and-mortar stores and online platforms. Sellers will have the option to receive funds instantly in the form of fiat or digital assets.
Related: Cambodia’s Bakong Tourists app expands regional payment options
Crypto.com and KG Inicis strive for deeper cooperation
Beyond payments, the two companies said they are exploring additional areas of collaboration, including joint marketing activities and fresh product development, subject to regulatory approval.
“Thanks to our cooperation with Crypto.com, we plan to expand the infrastructure in which digital assets can be used in real business activities, all while ensuring a solid legal and regulatory basis,” said a representative of KG Inicis.
The partnership comes as Crypto.com continues to expand its services. In February, the exchange received conditional approval for a U.S. national bank charter, allowing it to operate as a federally regulated custodian for digital assets. Previously, the platform achieved ISO certification for AI system management, signaling further entry into this sector.
Related: Thailand will allow cryptocurrency spending for tourists, considering regulatory reform
More and more countries allow tourists to pay in cryptocurrencies
In May 2025, Bhutan introduced a cryptocurrency payment system for tourism in partnership with Binance Pay and DK Bank, allowing travelers to pay for hotels, tickets and services using over 100 cryptocurrencies.
In August, Thailand also announced plans to launch an 18-month “TouristDigiPay” program, allowing tourists to convert cryptocurrencies into Thai baht to spend, with sellers receiving fiat rather than digital assets.
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