Crypto.com will collaborate with South Korean fintech company Travel Wallet to expand crypto spending and payments globally, making it as easy to use crypto as it is to use traditional money.
The company stated that Travel Wallet will be its primary card-issuing partner in South Korea, and the two companies will launch a joint prepaid card that allows users to spend both cash and cryptocurrency anywhere in the world.
Crypto.com strengthens its reach in South Korea through Travel Wallet deal
More than 8 million customers hold, exchange, and spend over 40 different currencies through Travel Wallet’s mobile app and card. Crypto.com will utilize its large user base and trusted payment network, combined with secure financial systems, to provide a seamless experience for users to exchange cash, cryptocurrencies, and digital currencies on a single platform.
President and Chief Operating Officer of Crypto.com, Eric Anziani, stated that people in South Korea already utilize digital payments and are willing to try new financial technologies that make their lives easier. According to him, the country is the ideal location for Crypto.com to expand its services and establish stronger connections with local users.
The Chief Operating Officer stated that working with Travel Wallet will enable his company to make crypto payments faster, simpler, and more rewarding. He added that everyone should have access to cryptocurrencies, and by joining forces with Travel Wallet, a world can be created where people can spend digital assets as freely as they spend regular money.
Travel Wallet adds crypto features and stablecoin support for global users
Travel Wallet will utilize Crypto.com’s crypto-as-a-service (CaaS) technology, allowing users to trade digital assets directly within its mobile app. The company will also use its KRW-based stablecoin on both platforms to support cheaper and faster international transfers.
Travel Wallet’s Chief Executive Officer, Kim Hyung-woo, said the partnership with crypto.com marks “the beginning of a new payment era where fintech finance meets blockchain finance.” He explained that the company aims to develop a single system that can simultaneously hold, trade, and exchange foreign currencies, cryptocurrencies, and stablecoins.
Kim said South Korea will benefit more from the partnership, and his company will be able to create a more open and efficient financial space for millions of users worldwide. The CEO said his company wants people to use crypto for shopping, travel, or sending money to family abroad, just as easily as they do with cash.
Crypto.com has been gaining popularity in South Korea, in addition to its Travel Wallet. The company, in fact, announced this month that it will serve as the official crypto payments partner of the APEC CEO Summit Korea 2025.
The event is scheduled to take place in Gyeongju from October 28 to 31, 2025. It will feature the participation of global CEOs and top experts who will share innovative ideas for AI, digital innovation, and global economic growth. Crypto.com will sell tickets for the event through its Crypto.com Pay platform.
The company also introduced an enhanced user rewards program, called Level Up, in September 2025. With zero fees for trading crypto and stocks, users can receive up to 6% cashback in CRO tokens, plus additional rewards with Crypto.com cards or by staking CRO. Daily users are now able to access what was once the preserves of big traders some time ago as the subscription starts from $4.99 per month. These recent developments demonstrate Crypto.com’s strong commitment to South Korea and its markets.
On related development, Crypto.com has filed a national trust bank charter application with the Office of the Comptroller of the Currency (OCC), the firm announced on Friday.
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