– Cross-border payment model validated for travel products and foreign users in Korea

<Modetour Stablecoin Payment PoC Dashboard>

BEATOZ has completed a stablecoin-based payment pilot with Modetour, Jeonbuk Bank, and Ringnet, marking a step toward real-world adoption of stablecoin payments in cross-border commerce, the company announced on April 13.

The proof of concept (PoC) was designed to validate the commercial applicability of stablecoin payments for Modetour’s travel products.

In particular, the project focused on the customer base of Jeonbuk Bank, which has specialized in foreign customer financial services since 2016. The initiative tested a cross-border payment model enabling inbound tourists visiting Korea, as well as foreign residents, including workers and international students, to purchase travel products without complex currency exchange procedures or high intermediary fees.

<Modetour Travel Products Available for Stablecoin Payment>

The initiative highlights the growing role of stablecoins in real consumer-facing payment scenarios, particularly in sectors such as travel where cross-border transactions are frequent.

Through clearly defined roles among the participating companies, the project achieved a high level of system completeness.

BEATOZ and Ringnet demonstrated the technical feasibility of the payment infrastructure using a hybrid blockchain and a jointly developed Crypto Payment Gateway (CPG) solution. Jeonbuk Bank validated the fund flow and financial stability across the stablecoin lifecycle, ensuring institutional-level reliability. Modetour verified the business feasibility through integration with its actual travel product offerings.

In addition, the PoC implemented instant refunds based on smart contracts and automated settlement for partners, effectively addressing key challenges in traditional cross-border payments, including high transaction fees and delayed settlement.

A representative from Jeonbuk Bank stated:
“This PoC validated the entire process in which customers’ stablecoins, held in custody wallets, are utilized for payments on blockchain. We plan to explore service development that can deliver faster and more transparent travel financial services to both domestic and foreign customers.”

Woo Jun-yeol, CEO of Modetour, commented:
“This PoC combines Modetour’s travel products with a stablecoin infrastructure that has been validated in terms of both technology and financial reliability. It confirms the potential of a cross-border payment model that can be used by anyone regardless of nationality. We will continue to expand collaboration with our partners to deliver differentiated payment environments and travel services that enhance customer convenience.”

A representative from BEATOZ added:
“This PoC demonstrates that a regulation-friendly hybrid blockchain and CPG solution can operate in real payment environments. Based on this, we plan to expand a KRW stablecoin-optimized payment infrastructure beyond travel into various industries.”