Add as a preferred source on GoogleSquare Tech, GOAT Network Sign MOU on Stablecoin Payments in South Korea
The proposed service would combine mobile passport checks with U.S. dollar stablecoin payments at participating merchants.
Square Tech Co., Ltd. and GOAT Network signed a memorandum of understanding to explore stablecoin payments for foreign visitors in South Korea, with potential applications in the U.S.
Square Tech, which trades on South Korea’s KOSDAQ market under stock code 148250, is examining a service that would let travelers verify their identities with mobile passports and pay participating merchants using U.S. dollar stablecoins. The proposed payment flow is aimed at purchases in South Korean commerce.
GOAT Network would provide the payment technology and network infrastructure. Under the proposal, AI agents could carry out purchases and payments after a user authorizes them and sets spending limits in advance.
The arrangement remains exploratory. The companies plan to prioritize exploring a visitor payment service in South Korea and also examine potential opportunities in the U.S. market.
The companies would pursue any service in stages, subject to applicable law and regulatory requirements.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.