South Korea’s KB Kookmin Card Partners With SBI Holdings to Explore Crypto Payments

South Korea’s KB Kookmin Card has signed a memorandum of understanding (MOU) with Japan’s SBI Holdings and two cybersecurity companies to test identity checks for artificial intelligence (AI) agents and explore cross-border crypto and stablecoin payments between the two countries. Announced on October 13, the four-party agreement also involves South Korea-based Everspin and SBI Everspin, a joint venture between SBI Holdings and Everspin. The companies plan to examine how AI agents can securely access financial services and carry out transactions on behalf of users.