Crypto.com and Travel Wallet partner on prepaid card, won-based stablecoin adoption

Crypto.com is teaming up with one of South Korea’s top fintech firms in a move that could bring crypto spending closer to everyday use.

Crypto.com has signed a new partnership with South Korean fintech firm Travel Wallet to create a won-based stablecoinand expand crypto payment options for global travelers.

On Oct. 21, Crypto.com announced a Memorandum of Understanding (MoU) with Travel Wallet, which operates a mobile payment and exchange platform used by more than 8 million people. The company lets users hold, convert, and spend over 40 currencies, with total transactions exceeding KRW 6 trillion (about $4.3 billion USD).

Co-branded card and stablecoin plans

Under the agreement, Travel Wallet will become Crypto.com’s main issuing partner in South Korea. The firms will launch a co-branded prepaid card that supports both fiat and crypto payments worldwide.

The Travel Wallet app will also incorporate Crypto.com’s crypto-as-a-service tools, enabling users to trade digital assets straight from the platform. Both companies will promote a KRW-pegged stablecoin designed to lower the cost of international transfers and improve transaction speed.

The partnership will also include joint marketing and rewards programs to attract new users across both platforms.

Eric Anziani, president and chief operating officer of Crypto.com, said the partnership will make crypto payments simpler and more rewarding for everyday use. Travel Wallet chief executive officer Kim Hyung-woo called it “the beginning of a new payment paradigm” that combines fintech and blockchain finance.

Linking crypto and travel payments

The move connects Travel Wallet’s global payment network with Crypto.com’s digital asset infrastructure. Travel Wallet holds a Visa Principal License and supports payments in over 100 million locations worldwide.

For Crypto.com, the deal fits its goal of expanding local partnerships in key Asian markets. For Travel Wallet, it introduces digital asset functionality to a customer base already active in cross-border payments.

This agreement follows similar efforts across the travel sector in 2025. Bitget Wallet, Travala, and Bookit.com have each added crypto payment options, highlighting steady growth in blockchain-based travel finance.