Danal and Line Next to Expand Real-World JPYC Payments in Japan… Targeting the Global Digital Asset Payment Market

Danal is accelerating the establishment of a global digital asset payment ecosystem by expanding its real-world payment services utilizing “JPYC,” a digital asset based on the Japanese yen.

On June 18, Danal announced that it had signed a strategic memorandum of understanding (MOU) with Line Next, the Web3 affiliate of LY Corporation (LINE Yahoo) of Japan, at LY’s new headquarters in Akasaka. The agreement aims to expand the domestic use of JPYC for real-world payments.

Through this partnership, Danal plans to build a payment infrastructure that connects JPYC, a major digital asset in Japan, with the domestic consumer market. The company intends to serve as a payment hub linking overseas digital wallets with domestic online and offline merchants, thereby driving the expansion of the cross-border payment market based on digital assets.

Line Next is a company that develops global Web3 businesses based on the LINE messenger platform ecosystem. Through its stablecoin fintech service “Unifi,” Line Next is expanding its reach into digital asset wallets and payment services.

Danal, leveraging its proprietary digital asset payment technology, related patents, and competitive payment network, plans to work with Line Next to establish a “JPYC cross-border payment model” utilizing Unifi.

In particular, Danal plans to broaden the scope of JPYC payments to various domestic online and offline merchants, including the foreigner-only prepaid card K.ONDA, which is set to launch this month. Through this initiative, foreign visitors to Korea will be able to use JPYC for payments in areas such as beauty, convenience stores (CVS), and fashion, creating a new payment environment within the Korean consumer market.

The two companies will initially focus on expanding JPYC payment services in the Korean market and then broaden their business scope to other major Asian regions, with the aim of establishing a new financial ecosystem that connects digital assets with the physical payment market.

Additionally, beyond JPYC, the companies plan to continue collaborating in various digital asset and Web3-based payment fields and to seek out new global payment models.

A Danal representative stated, “Our collaboration with Line Next will serve as a new example of expanding cross-border digital asset-based payments into real-world consumer settings, moving beyond traditional reliance on overseas card payments and currency exchange. As the Korean market for foreign visitors continues to grow rapidly, we will focus on building infrastructure that provides more convenient and diverse payment experiences.”

Danal, as a domestic digital asset payment specialist, is expanding its collaborations with global digital asset companies. The company is working with global leaders such as Circle and Binance to jointly develop and commercialize digital asset payment services, with a focus on establishing the next-generation payment environment.

Danal aims to become a global payment platform connecting overseas digital assets and the domestic consumer market through its JPYC-based cross-border payment business.

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