SoohoIO has teamed up with Chainlink to introduce Project Namsan, a groundbreaking initiative designed to alleviate the burden of foreign exchange costs for tourists visiting South Korea. This innovative pilot program promises significant savings for travelers by leveraging blockchain technology, and the publication demonstrates positive momentum in the developments.
Introduction to Project Namsan
Launched in July, Project Namsan enables tourists to convert dollar-based stablecoins into Korean won vouchers, effectively slashing traditional exchange fees by more than 30%. This initiative is particularly beneficial for international visitors, who often face high costs when exchanging currency.
Support from Grand Korea Leisure
The pilot program is supported by Grand Korea Leisure, a prominent operator of casinos that cater to foreign tourists. By integrating blockchain solutions, SoohoIO and Chainlink aim to enhance the overall travel experience, making it more cost-effective and accessible for those exploring Korea.
As the Kimchi Premium continues to influence the South Korean cryptocurrency market, it is crucial to stay informed about the latest developments that could further shape this landscape. Currently, the investment by EZ Labs in USDe is being recognized as a pivotal move expected to enhance the stablecoin's credibility and liquidity, which may provide a more stable foundation for growth in this dynamic environment. For more insights on how this investment is shaping the future of USDe, read the full article here.
