This article was displayed on the ChosunBiz MoneyMove (MM) site at 10:48 a.m. on Feb. 1, 2026.
KOSDAQ-listed IT company B2En is teaming up with the world's No. 1 virtual asset exchange, Binance, to build out the Binance Pay ecosystem.
According to the investment banking (IB) industry and the virtual asset industry on the 1st, B2En recently signed a platform development contract with Binance for Binance Pay's entry into the Korean market.
Binance Pay is a payment service that uses virtual assets and stablecoins. Because Binance Pay enables payment without converting into local currency, it is growing rapidly around the world. Currently, more than 50 virtual assets, including Bitcoin and Ethereum, can be used, and the cumulative payment amount is about $250 billion (about 345 trillion won).
Under this contract, B2En will develop Binance Pay's marketing system. It will use AI and big data to link partner merchants and layer on a payment system to build the payment environment. The core is to develop an integrated system to expand the merchant network.
B2En will first establish a dollar-based stablecoin payment environment for foreign tourists visiting Korea. Once a won-based stablecoin is introduced, it plans to gradually expand the ecosystem to include won stablecoin payments that domestic users can use.
B2En CEO Lee Jeong-hun said, "B2En serves as the engine across the business, including strategy development and data analysis," adding, "We will make a key contribution to ensuring that Binance Pay successfully takes root in the domestic market."