Blockchain and AI company BPMG said on Thursday it has signed a business partnership with Welcome Payments, an IT financial payment company under Welcome Financial Group, and payment and ordering service operator VDCRUX for a stablecoin-based payment business.

The cooperation focuses on building a real-world payment environment using stablecoins. The three companies plan to improve payment convenience and expand demonstrations and commercialization of digital asset-based payment services in stages.

BPMG, which is pursuing a stablecoin-based cross-border remittance service with K Bank, will handle planning stablecoin-based service models and providing on-chain technical support based on its capabilities in digital asset businesses.

Welcome Payments will take charge of building payment infrastructure and linking merchants, based on its experience operating Welcome Pay as a registered prepaid and payment gateway operator. VDCRUX will implement the actual user payment experience based on its experience operating online and offline services for major franchises such as Compose Coffee and Hasamdong Coffee.

BPMG CEO Ji-hoon Cha (차지훈) said, "This cooperation is a starting point for specifying how stablecoins can be used in an actual payment environment." He said, "Based on our accumulated experience in digital assets and cross-border remittances, we will build a practical, user-centered payment model."