Modetour Expands Stablecoin Payment Infrastructure Test Beyond Travel to E-Commerce

Modetour said June 12 that it participated as a validator in a proof-of-concept test of stablecoin payment technology for e-commerce platform POPPOP, verifying transaction stability and processing accuracy in the payment infrastructure.

The exercise followed an earlier proof of concept involving stablecoin payments for the company’s travel products. In the first phase, Modetour examined whether the payment function could be integrated into its travel offerings from a merchant’s perspective for potential real-world use. This time, it expanded its role to validating the transaction integrity of the payment infrastructure itself.

The test was built on BEATOZ’s regulation-friendly hybrid blockchain. POPPOP simulated an actual product purchase and payment environment, while validators including Modetour reviewed transaction integrity and processing stability.

Modetour was named as a validator on the BEATOZ public testnet alongside Hana TI and RingNet.

The review focused on whether the entire process, from product selection and payment approval to merchant settlement, could be completed without delays or errors. The proof of concept was designed so stablecoin payments would run on a user experience similar to that of existing credit and debit cards.

The companies also linked merchant verification procedures with payment and settlement processes through BEATOZ’s in-house CKYC, or Compliance and KYC, module. They confirmed a structure in which digital assets are delivered, fees are deducted and final settlement is completed after payment is made.

Modetour said the exercise was significant because it cross-checked whether the same payment infrastructure could operate not only in travel but also in a broader e-commerce environment. The company plans to continue assessing the reliability and scalability of a digital payment system covering travel bookings, payments, refunds and partner settlements.

Woo Jun-yeol, president of Modetour, said the test confirmed that stablecoin payment infrastructure can operate reliably beyond travel and in general e-commerce. Modetour joined the project as a validator to assess the infrastructure’s reliability and scalability in advance as it upgrades a digital payment environment spanning bookings, payments and settlements, he added.

Lee Sang-guk, chief executive officer of BEATOZ, said the company confirmed that its regulation-friendly hybrid blockchain and the CPG solution it jointly developed with RingNet could expand into payment infrastructure across industries beyond travel and finance. He added that BEATOZ would continue advancing the technology toward commercialization in line with regulatory changes.

Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com