Hyungji Global Announces Hyungji Pay and Hyungji Coin

In a groundbreaking move, Hyungji Global revealed on July 1 its plans to develop "Hyungji Pay" and introduce the stablecoin "Hyungji Coin." This initiative aims to revolutionize the payment systems within the Hyungji Group's extensive network.

Connecting a Vast Network

The company envisions Hyungji Pay as an integrated payment platform that will seamlessly connect 2,000 stores and 6 million customers across 20 brands under the Hyungji Group umbrella. With an ambitious sales target of 1 trillion won for the year, this move is set to significantly enhance operational efficiency and customer satisfaction.

Future Plans and Legal Preparations

Hyungji Global is not just stopping at the introduction of Hyungji Pay. The company is laying the groundwork for the future integration of stablecoins, pending their legalization. By filing six trademark applications with the Korean Intellectual Property Office, Hyungji Global is positioning itself as a leader in the cryptocurrency space within the retail industry.

Benefits Beyond Payments

The introduction of Hyungji Coin is expected to offer numerous benefits, including reduced payment fees, enhanced consumer convenience, and increased brand loyalty through the use of reward credits. Furthermore, the company anticipates leveraging coin-based purchase history data for targeted marketing strategies, both domestically and internationally.

A Vision for the Future

"We aim to lead the retail industry in the application and utilization of stablecoins," stated a Hyungji Global representative, highlighting the company's commitment to innovation and customer-centric solutions.