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BTQ (NASDAQ: BTQ) (CBOE CA: BTQ), a global technology company developing trust infrastructure for the quantum era, announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (“PQC”) security for its Korean won-backed stablecoin infrastructure. The partnership includes developing a quantum-transition roadmap, conducting a proof of concept of BTQ Quantum Secure Stablecoin Network (“QSSN”) with Korean banking institutions and supporting quantum-safe security across stablecoin issuance, distribution, wallets and settlement. MoonPay Korea is developing infrastructure connecting Korea’s emerging stablecoin market to MoonPay’s global network of more than 35 million customers in approximately 180 countries and more than 1,500 enterprise clients. The agreement builds on BTQ’s existing collaborations with Korean financial institutions and its commercial agreement with LINE NEXT and Kaia DLT Foundation to deploy QSSN across the Kaia ecosystem.
At a glance
- Company
- BTQ Technologies Corp.
- Ticker
- NASDAQ: BTQ, CBOE CA: BTQ
- Announcement
- Partnership
Key figures
- MoonPay network customers
- more than 35 million
- MoonPay network countries
- approximately 180
- MoonPay enterprise clients
- more than 1,500
Products and programs
To view the full press release, visit https://ibn.fm/2D3ph
About BTQ
BTQ Technologies Corp. is a quantum technology company focused on accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is developing a full-stack, neutral-atom quantum computing platform spanning hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.
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Questions around this news
What does the BTQ–MoonPay Korea partnership cover?
The partnership is intended to add post-quantum cryptography security to MoonPay Korea’s Korean won-backed stablecoin infrastructure. The announced work includes creating a quantum-transition roadmap, running a proof of concept of BTQ’s Quantum Secure Stablecoin Network with Korean banking institutions, and supporting security across stablecoin issuance, distribution, wallets and settlement.
What is MoonPay Korea building?
MoonPay Korea is developing infrastructure to connect Korea’s emerging stablecoin market with MoonPay’s global network. The release describes that wider network as serving customers in approximately 180 countries and including more than 1,500 enterprise clients. It does not provide further details about the infrastructure’s design or when it may be available.
What is post-quantum cryptography?
Post-quantum cryptography refers to cryptographic methods designed to resist attacks from both conventional computers and sufficiently capable quantum computers. It aims to protect digital information and authentication as computing technology advances. Adopting it can involve updating software, protocols and systems that rely on cryptography.
What is a stablecoin?
A stablecoin is a type of digital asset designed to maintain a relatively steady value, often by referencing a traditional currency or other asset. Its stability depends on how it is structured and what supports or governs its value. Stablecoins can be used to transfer value or interact with digital-asset services.
