Danal acquires patent for crypto-asset linked payment system... "Accelerating domestic and international services"

Danal announced on the 26th that it has completed a patent application for crypto-asset linked payment systems and will proceed with activating services both domestically and internationally.

Danal recently completed a patent application for 'Payment service server and its operation method supporting product purchases using crypto-assets in conjunction with POS terminals installed at offline merchants.' The patent is protected for 20 years, during which other companies cannot launch similar services.

This patent involves a method where when a product is paid for, crypto-assets are sold on an exchange and transferred to the customer's verified bank account. The core technology includes exchange trading integration and improved payment processing speed. Most importantly, this patent is known to be the only method that can be applied to real-world payments using crypto-assets in the domestic market.

Danal plans to develop its payment system utilizing crypto-assets based on this patent. As the stablecoin industry is gaining attention overseas recently, the company plans to provide new payment solutions incorporating this technology in the future.

A Danal representative stated, "The core of this patent is to provide a safer and more convenient payment experience through efficient linkage with exchanges," adding, "We will continue to provide new and useful financial services to both consumers and merchants based on our technology."