ZeroPayers Korean Won Coin Payments Collaborate with OpenAsset, AhnLab Blockchain Company, and Easy Payment Agency

A path is opened to pay with a won-based stablecoin at 2 million ZeroPay affiliated stores nationwide.

OpenAsset announced on the 20th that it signed a business agreement with the Korea Simple Payment Promotion Institute and Ahnlab Blockchain Company to establish a won-based stablecoin issuance and payment ecosystem. The goal is to strengthen the cooperation system between each company's digital financial infrastructure and technology to build an offline payment ecosystem based on won-based stablecoin.



The three companies agreed to interconnect their respective specialized areas: △Security expertise-based virtual asset wallet infrastructure (Ahnlab Blockchain Company) △Distribution and payment infrastructure (Korea Simple Payment Promotion Institute) △Won-based stablecoin issuance (OpenAsset). Through this, they plan to establish a digital asset payment standard model and create a payment ecosystem that complies with regulations.

Specifically, OpenAsset will be responsible for the double-signature-based won-based stablecoin issuance structure and settlement system. The Korea Simple Payment Promotion Institute will support stablecoin distribution and actual usage channels through the ZeroPay network. Ahnlab Blockchain Company will provide users with a digital asset management experience through ABC Wallet, a web3 wallet with verified security.

With this cooperation, consumers are expected to be able to easily charge and use won-based stablecoin on ZeroPay. ZeroPay affiliated stores can also secure this new payment method without additional procedures. Foreign tourists can convert USDT or USDC dollar-based stablecoin into a won-based stablecoin and pay at ZeroPay affiliated stores without separate exchange.

The three companies plan to pursue entry into the payment system and phased commercialization through joint innovative financial service proposals and demonstration projects.

Kim Kyung-eop, CEO of OpenAsset, said, "Through this cooperation, we will establish the first collaborative model with a clearly separated won-based stablecoin issuance, distribution, and wallet infrastructure, and build a foundation for expanding practical use after institutionalization."

Choi Tong-ju, Chairman of the Korea Simple Payment Promotion Institute, stated, "This cooperation will be an opportunity to promote financial innovation centered on small business owners in the digital asset era" and "We will actively support stablecoin to become a practical payment method that anyone can conveniently use in local commercial districts, not an unfamiliar technology."

Reporter Do Ye-ri