Keyinside Files Patent Application for Stablecoin Payment Model
Summary
- Keyinside said it has completed a patent application related to a stablecoin payment model.
- The company said users can make stablecoin payments at offline merchants with existing crypto wallets and do not need to install a separate app.
- It said merchants can continue using existing POS devices, helping reduce additional costs and the burden of system replacement.
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Keyinside, the developer of blockchain-based points integration platform MiL.k, has completed a patent application related to a stablecoin payment model.
News1 reported on May 29 that the payment solution developed by Keyinside is structured so it is not tied to any specific wallet application. Users can make stablecoin payments at offline merchants through existing crypto wallets such as MetaMask.
The system also does not require a separate app. Customers generate a temporary QR code on the web, and merchants scan it with their existing point-of-sale, or POS, devices to process the payment. Users can complete the transaction with a single signature from the wallet they already use.
Keyinside said the model can simplify foreign exchange procedures and improve payment convenience for foreign tourists visiting South Korea. Because merchants can continue using their existing POS devices, the system can also reduce additional costs and the burden of replacing systems.
A Keyinside official said the company will continue to introduce innovative blockchain technologies closely tied to everyday life and lead the market.
