Mentioned:
The Korean arm of MoonPay is getting serious about post-quantum security. And now, they’re partnering up with BTQ Technologies.
What’s happening:
- BTQ Technologies (NASDAQ: BTQ) has entered into a deal to become MoonPay Korea’s post-quantum security partner
Why it matters:
- MoonPay Korea is Korean arm of MoonPay, which is one of the single largest crypto payment networks in the world with more than 35M customers globally
Going deeper:
- MoonPay Korea has publicly stated they will evaluate BTQ Technolgoies’ Quantum Secure Stablecoin Network with banks in Korea
- MoonPay Korea is currently building infrastructure for won-backed stablecoins and has existing partnerships with Woori Bank, KB Financial and KakaoBank
- BTQ Technologies’ Quantum Secure Stablecoin Network is purpose built for stablecoins and tokenized deposits and is designed to provide quantum-safe transaction signing, key management and settlement
The intrigue:
- BTQ Technologies previously made waves when they launched one of the first Bitcoin forks focused on preventing potential quantum computing threats
