BC Card signs MOU with Base to develop a USDC-based payment pilot

Foresight News reported, citing Korean news outlet Edaily, that Korea's largest payment infrastructure provider BC Card has partnered with Base to develop a USDC-based online/offline payment pilot. The two companies will jointly launch a demonstration project that integrates BC Card's QR code payment solution with a wallet based on Base Chain, enabling users holding USDC to make payments at domestic merchants in Korea. Through this demonstration, both parties will focus on verifying the convenience of USDC payments, the interoperability between Base Chain and BC Card's payment infrastructure, and developing a KRW settlement process that complies with Korea's legal and regulatory environment.

In addition, the two companies plan to explore mid- to long-term cooperation opportunities, including: 1) improving the domestic USDC payment settlement model based on the pilot results; 2) leveraging both companies' network resources to discover related services; 3) revitalizing the Base Chain ecosystem in Korea. BC Card serves 36 million users and 3.5 million merchants nationwide. This initiative will assess how to support USDC and future KRW-denominated stablecoins at the infrastructure level, including Base Chain, Base applications, and BasePay.