6,000 South Korean Outlets to Make Cryptocurrencies Available

A partnership between major South Korean cryptocurrency exchange Bithumb and mobile payment service provider Pay’s aims to make cryptocurrencies available at thousands of stores across the country.

According to the Korea Times, the two partners will work together to bring cryptocurrencies to 6,000 outlets by the first half of the year, with a planned expansion to 8,0000 by the end of the year. Furthermore, some 200 franchise brands are also reportedly signing onto the initiative, enabling cryptocurrency adopters to use Pay’s mobile payment service platform to make payments in cryptocurrencies.

In announcing the partnership on Monday, a Bithumb official claimed the endeavor will help fuel the adoption and use of cryptocurrency payments in wider mainstream society.

Reference: https://www.ccn.com/6000-south-korean-outlets-to-make-cryptocurrencies-available-by-q2-2018/

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