Toss and Gwangju Bank complete stablecoin QR payment proof-of-concept
- —The PoC linked Gwangju Bank's app, Toss and Toss Place payment terminals
- —Payment and merchant settlement are confirmed simultaneously, with no separate clearing
- —Testing used virtual merchants and no real customer data or assets
- —The partners are preparing a second phase with real merchants and process improvements
Why it matters: The case shows banks and fintechs pushing stablecoins into offline payments, raising pressure on card networks.
Source: Digital Today