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Crypto

Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback

Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.

Finance

Face payment gains traction as Naver Pay, Toss intensify infrastructure race

Competition in offline payment terminals is heating up as face payment draws attention and spreads, prompting Naver Pay and Toss to race to expand merchant networks. Naver Pay is pushing its Npay Connect terminal, linking payments to reviews, coupons and other services, and says installations have surpassed 100,000 stores. Toss is expanding FacePay use cases with its Toss Front terminal, citing growth to over 6 million registered users and widening partnerships and events.

AI & Enterprise

KT bets on AX with 18 trillion won investment over three years to grow AIDC and token factory

KT set out a new vision to move beyond its role as a key national telecommunications operator and become an \"AI transition (AX) platform company.\" It plans to expand AI data centres and pursue new businesses such as a token factory and stablecoins. KT will invest about 12 trillion won over three years in information security, IT and networks, and about 5 trillion won to add 1GW of AIDC capacity. It will also invest 1 trillion won to expand undersea cable capacity.