2026-04-14 01:01:53
Korean payment service provider NHN KCP partners with Avalanche to build a payment-dedicated L1 network
Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs, planning to build a Layer 1 network for payment use cases based on Ava Cloud. This covers areas such as payment confirmation, transaction data encryption, and merchant payment infrastructure, while also exploring opportunities like tokenized deposits and cross-border payments. The launch of the L1 mainnet will be affected by South Korea’s crypto regulatory oversight.