Keyinside Files Patent for Stablecoin Payment Model

Keyinside, the developer of blockchain-based points integration platform MiL.k, has filed a patent application for a stablecoin payment model.

News1 reported on May 29 that the payment solution developed by Keyinside is structured so it does not depend on a specific wallet application. Users can make stablecoin payments at offline merchants through existing crypto wallets such as MetaMask.

The system also does not require a separate app installation. Customers generate a temporary QR code on the web, and merchants scan it with their existing point-of-sale terminals to process the payment. Users can complete the transaction with a single signature from their usual wallet.

Keyinside said the approach could reduce complicated currency exchange procedures and improve payment convenience for foreign tourists visiting South Korea. It also said merchants could cut additional costs and avoid the burden of replacing systems because existing POS devices can be used as they are.

A Keyinside official said the company would continue to introduce innovative blockchain technology closely tied to everyday life and lead the market.