BPMG Aracore Develops Stablecoin Payment Service with VirgoPay

BPMG's U.S. subsidiary, Aracore, is advancing the development of a stablecoin-based global payment service in collaboration with the global payment platform VirgoPay. The two companies plan to integrate Aracore's stablecoin remittance and settlement technology with VirgoPay's North America and Europe global payment network to jointly develop cross-border digital asset payment and corporate payment remittance and settlement services. This service aims to connect the processes of converting, remitting, paying, and settling between fiat currencies and digital assets into a single service, while also exploring ways to automate transaction history verification and reconciliation tasks. Additionally, a proof of concept (PoC) will be conducted to verify the feasibility of technology integration and service application between South Korea and Canada. Aracore is a global financial infrastructure company that supports the adoption of stablecoin services by financial institutions and payment companies, building blockchain-based payment and settlement infrastructure that allows for the integration of digital asset-based services while maintaining existing systems. BPMG CEO Cha Ji-hoon stated that they will target the North American stablecoin payment and remittance market.

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