What is Cryptocurrency Payment?
Cryptocurrency payment is a payment method that uses digital currencies such as Bitcoin and Ethereum to purchase goods or services. It allows for fast and secure transactions worldwide without going through traditional banking systems, and significantly reduces fees as there is no complex settlement process in the middle.
Based on blockchain technology, cryptocurrency payments have all transaction records transparently recorded and provide a high level of security through encryption technology.
What are Stablecoins?
Key Advantages of Stablecoins
Stablecoins are digital currencies that are fixed to the value of fiat currencies (USD, KRW, etc.) or commodities (such as gold), minimizing price volatility compared to regular cryptocurrencies. For example, a Korean Won Stablecoin worth 1 won always maintains a value close to 1 won of Korean Won, making it the most suitable cryptocurrency for use as a payment method.
Strong Advantages as a Payment Method
Fast Remittance Speed: Unlike traditional international remittance (SWIFT), which can take up to 7 days, cryptocurrency allows for real-time international remittance. Especially, issues that arise in the existing international remittance (SWIFT) network are difficult to identify, but there are no such problems with cryptocurrency.
Low Fees: While typical international remittance fees are high, stablecoins have very economical transaction fees within 1%. It features even lower fees than volatile cryptocurrencies like Bitcoin and Ethereum.
US GENIUS Act Bill Passed
In July 2025, the US Congress passed the historic 'GENIUS Act', incorporating stablecoins into the mainstream regulation. It was officially enacted into law with the signature of President Trump.
The core of this bill stipulates that stablecoin issuers must always be linked 1:1 with the US dollar or low-risk assets. It also strengthened consumer protection through mandatory full reserve asset holding and monthly disclosure obligations.
With the passage of this bill, dollar dominance is expected to grow stronger, and it is analyzed that the demand for US Treasury bonds will increase by trillions of dollars, with 90% of the stablecoins currently circulating in the market being linked to dollars.
Domestic Virtual Asset Basic Law Promotion Status
Following the election of President Lee Jae-myung, the enactment of the Virtual Asset Basic Law is becoming more substantial. The National Planning Committee has recently conducted several discussions related to the Virtual Asset Basic Law with the Financial Services Commission and aims to prepare a comprehensive basic law in the second half of 2025.
Main Promotion Contents
Introduction of Korean Won Stablecoins: The President criticized the existing passive attitude towards Korean Won stablecoins by comparing it to the 'Closing Policies of Late Joseon' and aims to strengthen foreign exchange control through securing digital assets based on Korean Won.
Approval of Bitcoin Spot ETF: Plans to elevate Korea as an Asian virtual asset hub by allowing the world's second Bitcoin spot ETF, following Hong Kong.
Establishment of the Presidential Digital Asset Committee: Comprising around 20 members with a majority of private sector appointees, the committee will be responsible for nurturing and promoting the virtual asset industry.
Various Advantages of Cryptocurrency Payments
1. Fee Reduction
You can receive payments with much lower fees (0.5~1%) than existing credit card or bank payment systems (3~4%). In fact, the American fast food chain Steak 'n Shake achieved a 50% reduction in payment fees by introducing Bitcoin payments. Especially in international transactions, there is no need for foreign exchange fees, which leads to significant cost savings in overseas payments.
2. Quick Settlement
Because it does not go through traditional financial systems, payments are completed almost instantly. Specifically, for stablecoins, real-time settlement is possible, allowing merchants to secure funds immediately.
3. Enhanced Security
Utilizing blockchain encryption technology, transaction tampering is almost impossible, and the risk of personal information leakage is lower compared to traditional card payments. All transactions are transparently recorded on the blockchain, providing traceability.
4. Global Support
Payments can be made anywhere in the world, 24 hours a day, without being constrained by borders or time zones. Especially, developing countries lacking financial infrastructure can make payments just with a smartphone, boasting excellent global accessibility.
Stablecoin Market Growing More Than Threefold
According to Coinbase's 2025 market outlook report, stablecoins are expected to expand beyond trading to become a key use case for payments and remittances, as the killer app of cryptocurrencies. In 2024, stablecoin trading volume increased threefold from the previous year to approximately $27.1 trillion.
RZet Cryptocurrency Payment Solution
Online·Offline Integrated Platform
RZet is an integrated platform that enables cryptocurrency payments in all environments, both online and offline.
It supports stablecoins, Ripple, Tron, Solana, etc., which have low fees and volatility, and real-time exchange rates apply, allowing for immediate settlement.
Curious about Introducing Cryptocurrency Payments?
Cryptocurrency payment is no longer a technology of the future. The passing of the US GENIUS Act and the promotion of the domestic Virtual Asset Basic Law have established an institutional foundation, and practical payment solutions centered around stablecoins are rapidly spreading.
In particular, the core advantages of fee reduction, quick settlement, and global accessibility provide innovative values that overcome the limitations of existing payment systems. As of the first half of 2026, more active market expansion is expected, making now the optimal time to consider introducing cryptocurrency payments.
Start the new era of cryptocurrency payments with RZet.
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