NHN KCP Signs Agreement with LINE NEXT for Stablecoin Payment Service
Prefer us on GoogleNHN KCP is collaborating with LINE NEXT to establish an infrastructure that allows overseas users to pay for domestic products and services using stablecoins. On the 20th, NHN KCP announced that it had signed a business agreement with LINE NEXT to expand stablecoin-based payment services. The agreement was signed on the 6th. The two companies plan to integrate NHN KCP's domestic merchants with LINE NEXT's global digital asset wallet technology, "Unifi." The stablecoin payment service technology "Unifi Pay" from LINE NEXT will be linked to NHN KCP's payment window, providing it as a new payment method. Once the integration is complete, overseas users will be able to select Unifi Pay at NHN KCP merchants to make payments using stablecoins. Domestic merchants will be able to accept stablecoin payments through the NHN KCP payment environment without having to establish a separate blockchain payment system. NHN KCP will provide the necessary infrastructure for transaction authentication, approval, cancellation, refunds, and settlement, and plans to expand existing card-centered payment methods to a global digital wallet. The two companies will also pursue cooperation in preparation for the institutionalization of stablecoins linked to the Korean won.
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