Gate News message, April 23 — Toss (operated by Viva Republic) announced on April 23 that it has signed a memorandum of understanding with Korea Minting Service to jointly develop blockchain-based payment infrastructure. The agreement, signed on April 22 at Toss’s Seoul headquarters, aims to enhance digital payment convenience and integrate blockchain technology into payment systems.
In the short term, both parties will link their payment infrastructure to improve user payment experience and explore the feasibility of new payment methods. Medium-term collaboration will focus on developing new payment models and building supporting infrastructure. Long-term initiatives include pilot programs for deposit tokens and stablecoins, with the goal of validating their applicability in real-world payment environments and expanding them into customized user services.
Toss operates a platform with 30 million cumulative registered users, offering services including instant money transfers, credit inquiries, and fund conversion. Korea Minting Service operates public payment infrastructure for 83 local governments, including regional currencies and digital On-nuri gift certificates. The collaboration combines Toss’s user base and payment systems with Korea Minting Service’s public infrastructure to expand the digital payment ecosystem.
A Korea Minting Service official stated the partnership will enable broader utilization of public payment methods in diverse environments, while a Toss representative emphasized that the collaboration will upgrade payment infrastructure and validate new payment possibilities, creating a more convenient and scalable payment experience for users.
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