Fintech giant KSNet joins Solana Foundation to trial Solana Pay in South Korea

KSNet has partnered with the Solana Foundation to test blockchain payments and AI-driven transaction systems for South Korea’s financial market. Summary KSNet and the Solana Foundation signed an agreement to test blockchain based payment infrastructure in South Korea. The companies will begin proof of concept projects covering Solana Pay integration and AI payments using the x402 protocol. KSNet plans to connect Solana Pay with its merchant network while incorporating AML controls and won settlement support. The partnership adds to Solana’s recent enterprise payment initiatives across stablecoins, AI services, and regulated financial infrastructure. KSNet announced on July 30 that it has signed a memorandum of understanding (MOU) with the Solana Foundation to jointly develop a next-generation digital asset payment infrastructure, with the partnership beginning through proof-of-concept projects focused on Solana Pay and AI-powered payment technology. The agreement brings together KSNet’s domestic payment network and Solana’s blockchain infrastructure as both companies evaluate digital asset payments that can work alongside South Korea’s existing financial system. The first phase cen...