Dunamu partners with Visa on next-generation financial services

Dunamu, operator of South Korea’s largest cryptocurrency exchange Upbit, said Friday it had partnered with global payments provider Visa to develop financial and payment services using stablecoins and AI.

The companies unveiled a road map for the partnership on Thursday at Visa’s Global Market Support Center in San Francisco.

Dunamu’s digital asset technology will be combined with Visa’s global payments network to explore stablecoin-based payment and remittance services in major markets.

The two firms will explore ways to expand the use of digital assets. They are exploring business models based on OUSD, an open-standard stablecoin, as well as new user experiences in payments and settlement.

The collaboration extends to AI-powered payment services, combining AI with stablecoin-based payment and settlement infrastructure.

Related technologies and infrastructure for agentic commerce are also under consideration. AI agents search for products or services and complete purchases and payments on behalf of users.

The partnership will be developed in stages, with a focus on stability, transparency, interoperability and regulatory compliance.

“AI, stablecoins and tokenization are key trends that will reshape how finance and commerce operate,” CEO of Dunamu, Oh Kyung-seok said. “Through our partnership with Visa, we will connect digital assets with traditional finance and create new global financial experiences for users.”

  • Related Posts

    Seoul stocks snap 3-day rise on tech slump

    Seoul stocks closed sharply down Friday to snap their three-day winning streak, as investors sold off tech heavyweights amid external uncertainties, such as Washington’s trade policy. The Korean won rose…

    SK hynix open to US investment, sees memory shortage through 2030

    SK hynix CEO Kwak Noh-jung said Thursday the company remained open to further US semiconductor investment, while forecasting a global memory chip shortage through the end of 2030. “We are…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    S. Korean response team begins Nepal mission to locate 9 missing Koreans

    S. Korean response team begins Nepal mission to locate 9 missing Koreans

    Seoul seeks China's support for peace, denuclearization efforts on Korean Peninsula

    Seoul seeks China's support for peace, denuclearization efforts on Korean Peninsula

    Beyond technique: What world ballet leaders say Korean dancers need next

    Beyond technique: What world ballet leaders say Korean dancers need next

    Hani Is Overwhelmed By Another Family Crisis As Ha Seok Jin Faces An Emotional Dilemma In “Love On The Menu”

    Hani Is Overwhelmed By Another Family Crisis As Ha Seok Jin Faces An Emotional Dilemma In “Love On The Menu”

    North Korean troops briefly cross MDL on eastern front

    North Korean troops briefly cross MDL on eastern front

    Innometry ramps up deployment of contactless battery CT system

    Innometry ramps up deployment of contactless battery CT system