Beatoz, Danal to build stablecoin payment and settlement ecosystem

Blockchain technology company Beatoz is partnering with payment platform company Danal to commercialize stablecoin-based digital asset payment and settlement services, Dong-A Ilbo reported. The two companies plan joint projects in four key areas: cooperation on building an ecosystem for digital asset issuance, distribution, payments, and settlement; a proof-of-concept linking Danal’s PG system with Beatoz’s CPG; joint research on revenue models and standard interfaces; and the development of a cooperation framework and infrastructure involving financial institutions and merchants.