KB Kookmin Card Files Patent for Hybrid Payment Technology Linking Digital Assets

Securing Technology for Utilizing Digital Assets
Based on Existing Card Payment Infrastructure

On January 14, KB Kookmin Card announced that it has filed a patent application for hybrid payment technology aimed at expanding the potential use of digital assets based on its existing card payment infrastructure.

The patent covers a technology that links a blockchain-based electronic wallet address to a customer's existing credit card, enabling the combined use of digital assets and credit cards without the need to issue additional cards.

When making a payment, the balance of stablecoins held in the electronic wallet is applied first. If the balance is insufficient, the payment is automatically processed using the credit card.

The company focused on minimizing user inconveniences that may arise during the use of digital assets, while maintaining the existing card payment structure.

Through this, customers can utilize digital assets as an everyday payment method without having to issue additional cards, while retaining their existing card payment experience and benefits.

KB Kookmin Card believes that this technology will help stablecoins become a practical means of payment not limited to specific platforms, by seamlessly connecting traditional finance with blockchain technology.

The company also expects that the technology can be widely utilized not only in the domestic payment environment but also in the future expansion of global payments and digital asset usage.

KB Kookmin Card stated that, through the patent application, it will technically review the intersection between traditional financial infrastructure and new technologies, and continue research and preparations to adapt to changes in the payment environment going forward.

In particular, the company plans to explore the phased application of the technology, taking into account relevant legislation and regulatory environments.

A KB Kookmin Card representative said, "This patent application lays the foundation for customers to use digital assets more easily and securely," adding, "Going forward, we will review ways to utilize this technology with the highest priority on protecting financial consumers, considering regulatory and market conditions."