South Korea's KG Group advances Solana-based digital asset payment network

PA一线
PA一线
PANews, June 24 – According to Thelec, KG Financial, a fintech subsidiary of South Korea's KG Group, has signed a strategic cooperation memorandum with the Solana Foundation to jointly develop Web3-based digital asset payment infrastructure. The two parties have been discussing digital asset payments since April and have completed a joint proof-of-concept project covering stablecoin issuance and real payment services, confirming the technical and commercial feasibility of the business model. KG Group plans to integrate the infrastructure of its payment gateway KG Inicis and a network of approximately 220,000 merchants to accelerate the commercial rollout of stablecoin payments. Under the agreement, the two sides will focus on developing a stablecoin payment and settlement system, advancing proof-of-concept for digital payment services, and integrating with existing regulated payment networks such as PG services and prepaid card platforms. In addition, Solana posted on X that South Korea's KG Inicis is about to bring stablecoin payments to the Solana platform. The collaboration will introduce stablecoins as an online payment method, with a token-based merchant rewards program to follow.
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