Top-tier financial services firm China UnionPay, an analog to card providers like Visa and Mastercard, reportedly forged an alliance with payment company Danal from South Korea, to release a digital card, with crypto-focused facilitating features. 

Specifically, the new card will reportedly provide supporting features for Paycoin-enabled crypto payments, throughout 30 million UnionPay merchants.

Danal’s crypto wallet Paycoin, along with the Paycoin token, will reportedly function as the interface for the new, prepaid mobile card. Paycoin also revealed that both the card and Paycoin will be accepted means of payment for merchandise and services, across 30 million UnionPay merchants, in 179 nations and regions. 

Danal’s PayCoin is reportedly a blockchain-powered asset, which has been in use since last year, with a recorded figure of 760,000 registered clients, with Gdac, Upbit, Huobi Korea, Liquid and Coinone as a few top-tier exchanges to finalize its listing. 

At the moment, South Korea is reportedly PayCoin’s most major demographic area, with the firm having plans down the pipeline for international expansion. 

Head of  Danal, Park Sang Man, reportedly emphasized that the perks of the upcoming card will be dedicated to offshore foreign exchange and payments. 

The UnionPay-Danal card will reportedly make support available, regarding top-ups and payments, in both fiat currency and crypto.