Danal announces roadmap for introducing stablecoin payments… "Commercialization as soon as institutionalized"

Danal, a comprehensive payment solutions company, unveiled its roadmap on the 27th to lead the real-world payment market in response to domestic stablecoin institutionalization efforts. Their strategy is to equip their PG (Payment Gateway) infrastructure with stablecoin payment functionality and to reorganize their technical, operational, and policy frameworks, aiming to launch commercial services immediately upon the implementation of regulations.

Danal is a PG company that has commercialized crypto-based payments in Korea and is already operating physical payment services utilizing stablecoins. A representative case is its subsidiary, PayProtocol AG, which has launched the 'Paycoin Mastercard.' If users hold Paycoin (PCI), they can make real-time payments at Mastercard-affiliated merchants worldwide, via Apple Pay or Google Pay, without any separate currency exchange process. In these transactions, PCI is automatically converted into the stablecoin USDC during settlement.

Danal is currently upgrading technology for domestic introduction of this system. A global expansion strategy is also underway. In 2023, Danal signed an MOU with the global payment infrastructure company Alchemy Pay, and the two are jointly promoting online and offline payment businesses in Southeast Asian regions such as Vietnam and the Philippines. Recently, Alchemy Pay formed a strategic partnership with Ripple and additionally included Ripple’s stablecoin RLUSD as an on-ramp asset, with Danal also technically reviewing related interconnection services.

The application of Paycoin is also expanding flexibly. While it is currently automatically converted to a stablecoin during payment, it is being designed to function directly as a payment asset or as an asset linked to payment in the future. Danal plans to secure both payment flexibility and user convenience through seamless linkage between stablecoins and utility assets.

Moreover, Danal is independently developing an integrated system covering stablecoin design and issuance, as well as on-chain remittance and real-time payments. The system is built on Ripple (XRP Ledger) and Avalanche, and various real-world usage scenarios are currently being simulated in an internal test environment.

A Danal representative said, "We already have a technical foundation able to proactively design and operate the entire ecosystem following stablecoin institutionalization," adding, "Based on our accumulated real-world experience and readiness for regulations, we will establish ourselves as a technological leader in the stablecoin industry."