Bullish

Wavebridge and BC Card Complete Stablecoin QR Payment PoC on Base

21:24

Proof of concept enables USDC payments via BC Card QR codes in Korea, settling in won with on-chain refund mechanisms tested for foreign tourists.

Woofun AI reports that Wavebridge and BC Card have finalized a proof of concept for stablecoin-based QR payments on the Base network. The trial allowed foreign tourists to pay using US dollar stablecoins from Base wallets at merchants accepting BC Card QR codes in South Korea, with transactions settling in won. The partners also validated on-chain asset return mechanisms for payment cancellations. Wavebridge intends to advance commercialization leveraging its VASP status approved by South Korea's Financial Intelligence Unit.

WOOFUN AI

Impact Assessment · Quick Read

This PoC demonstrates a viable bridge between on-chain stablecoins and traditional fiat settlement in a major Asian market. By handling FX and settlement off-chain while using crypto for payment initiation, it reduces friction for tourists. If scaled, this could drive significant USDC volume on Base and encourage other payment providers to adopt similar hybrid models.
Generated by WOOFUN AI · For reference only, not investment advice

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