A South Korean payment processor that handles roughly $4 billion in monthly transaction volume just signed on to bring Solana Pay to its network of over 330,000 merchants. KSNET and the Solana Foundation inked a memorandum of understanding on July 30, setting the stage for one of the largest real-world crypto payment integrations in Asia.
KSNET processes approximately 130 million transactions every month and has been in the payments business for 26 years.
What the deal actually covers
The MOU outlines plans to integrate Solana Pay into both online and offline payment experiences across KSNET’s merchant network. The two organizations also plan to develop a proof-of-concept for an AI-based payment model using technology called “x402.”
KSNET’s crypto track record and Solana’s Korean ambitions
