South Korean blockchain gaming company Wemade has entered into a memorandum of understanding (MOU) with NICE Information & Telecommunication to jointly develop Web3 payment infrastructure. The partnership will explore ways to connect blockchain-powered digital asset payments with traditional financial payment systems through research initiatives and proof-of-concept testing. Under the agreement, both companies will collaborate on blockchain payment technologies and stablecoin-related solutions, exchanging information on digital asset payment systems and evaluating use cases of tokenized assets, including real-world assets (RWAs). The partnership is primarily aimed at linking blockchain-based payment solutions with existing financial payment networks to accelerate practical adoption of Web3 technology.
Pilot Testing for Commercialization
Wemade's WEMIX token and the stablecoin USDC.e will be integrated into NICE Information & Telecommunication's payment infrastructure. Following integration, the companies intend to conduct pilot tests to determine whether blockchain-based payment systems can be commercially viable within mainstream financial environments. The companies plan to conduct proof-of-concept trials involving WEMIX and USDC.e to evaluate the feasibility of real-world commercial payment applications.
Expansion of KRW Stablecoin Discussions
NICE Information & Telecommunication will join GAKS, the Global Alliance for KRW Stablecoin, an organization led by Wemade that serves as a global consultative group focused on the development and expansion of Korean won-denominated stablecoins. The inclusion of NICE Information & Telecommunication in the alliance is expected to strengthen discussions surrounding the future of stablecoin infrastructure and digital payment ecosystems tied to the Korean won.
Kang Se-hyun, executive managing director of the stablecoin task force at NICE Information & Telecommunication, stated that the company had consistently examined methods to connect digital asset payment systems with the conventional financial ecosystem. Kang added that the new agreement would allow the companies to verify practical payment use cases for Web3 technology while contributing to the development of a dependable next-generation payment environment.
Kim Seok-hwan, vice president of Wemade, stated that the company intended to achieve meaningful outcomes through extensive testing and detailed reviews conducted together with NICE Information & Telecommunication.
