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Crypto.com Signs MOU with Travel Wallet to Expand Crypto Payment Services

Simon Simba
Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.
Updated: October 21st, 2025

On October 21, 2025, Crypto.com and Travel Wallet, a well-known fintech company from South Korea, inked a Memorandum of Understanding (MOU).

For millions of users in South Korea and elsewhere, the cooperation aims to promote the smooth integration of cryptocurrency tools. It also aims increase the usage of digital asset payments.

Through its physical card network and smartphone platform, Travel Wallet enables users to spend, exchange. It can also store more than 40 fiat currencies, and presently serves over 8 million consumers.

The introduction of a co-branded prepaid payment card shared by Travel Wallet and Crypto.com will be a significant result of the collaboration. Using Travel Wallet’s Visa Principal License, this card allows users to spend fiat money and bitcoin. This would be possible at more than 100 million merchant locations throughout the globe.

By enabling simple access to multi-currency and cryptocurrency payments without depending on traditional banking infrastructure, the card would increase passenger convenience.

Stablecoin Launched by Travel Wallet and Crypto.com

A stablecoin priced in Korean won (KRW) will be promoted by both companies on their platforms to enable cross-border payments. Lower remittance costs and quicker settlement for overseas transactions are the goals of the stablecoin. Additionally, Travel Wallet will include Crypto.com’s Crypto-as-a-Service (CaaS) solution in its app. This would allow users to trade digital assets natively on the platform as well as cryptocurrencies and stablecoins.​

Future Plans and Client Incentives 

Plans also include a program for loyalty awards and referrals to promote user development on both sides. As Crypto.com expands its user base and penetration in the mobile-friendly South Korean market, current Travel Wallet customers will benefit from more flexible payment options and a wider selection of assets. With the widespread use of digital banking and mobile payments in Asia, the collaboration is part of a larger movement for fintech and blockchain solutions to work together.

Local partnerships and services designed for enterprises, individuals, and cross-border travellers would increase Crypto.com’s footprint in Korea. The well-established reputation of Travel Wallet and its transaction volumes, which amount to over KRW 6 trillion, provide Crypto.com’s digital asset infrastructure and innovations in crypto payments a substantial reach. 

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Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.