BC Card Forms Stablecoin Payment Infrastructure Partnership with Blockchain Firm DSRV

Proof-of-Concept for Stablecoin Payment Infrastructure Integration
Choi Wonseok: "Establishing a Korean-Style Stablecoin Payment Environment"

BC Card announced on October 30 that it has signed a strategic partnership with DSRV, a blockchain infrastructure specialist, to jointly build a stablecoin payment infrastructure.

The two companies held a business agreement ceremony earlier that morning at DSRV’s headquarters in Gangnam-gu, Seoul, with BC Card President Choi Wonseok, DSRV CEO Kim Jiyoon, and others in attendance.

Under the agreement, the two companies plan to cooperate on establishing interoperability between BC Card’s payment infrastructure and DSRV’s blockchain infrastructure, conducting a joint proof-of-concept (POC) for integrating wallet solutions within the Paybook platform, and discovering additional joint projects related to digital assets.

In particular, their top priority will be technological collaboration to implement a safe and transparent stablecoin payment infrastructure within Korea’s regulated financial system.

The companies aim to establish and commercialize blockchain payment technology standards for using stablecoin payments and remittances in real-world transactions. Subsequently, they plan to accelerate the early activation of the Korean stablecoin payment market and secure global competitiveness.

BC Card is strengthening partnerships with major financial institutions, fintech companies, and virtual asset operators in line with domestic legislative trends such as the Digital Asset Basic Act. The company has filed six patents related to confirming the number of coins deducted from customers’ digital wallets for stablecoin payments and payment technologies linked to non-fungible tokens (NFTs).

President Choi is personally leading the advancement of blockchain-based payment infrastructure and the securing of intellectual property rights.

DSRV also plans to further specify use cases for blockchain technology across various industries, including finance, retail, and the public sector. To this end, the company is developing a blockchain infrastructure platform solution, provisionally named ‘Portal,’ which will provide not only stablecoin issuance and payment but also digital asset management and custody, as well as software-as-a-service (SaaS) wallet services.

President Choi stated, “This agreement is a strategic partnership that will drive structural innovation in Korea’s payment infrastructure industry,” adding, “Based on the infrastructure and technological capabilities of both companies, we will establish a transparent and stable stablecoin payment environment.”

CEO Kim said, “We have entered into this agreement to build a new digital financial ecosystem by converging blockchain technology and traditional finance,” and added, “We plan to provide infrastructure optimized for interoperability and security in the domestic financial environment, with global scalability.”