Cryptocurrency exchangeBithumb, one of the largest marketplaces in South Korea, launches a new service allowing citizens to conduct purchases in stores with digital assets. In total formed to cover about 6 thousand stores across the country.
The project is implemented jointly with Korea Pay's, which has a huge network of partners working on the franchise. As a result, they will be connected to the new service, allowing the use of crypto-currencies as means of payment when making purchases.
Among the networks that will work with Bitcoin, such well-known brands like Café DropTop or Yankee Candle.
The basic principle of the system is to create a mobile app that allows you to work with barcodes. Consequently, those in receipt of the funds will be debited from customers ' accounts opened in exchange Bithumb.
The representatives of the trading platform note that today Bitcoin is already being used in several countries as a means of payment, and South Korea has the capacity to implement such capabilities on their territory. To implement ideas planned before the end of the first semester, and by December Bithumb plans include expanding the network to 8 thousand outlets.
Recall that the platform has a daily trade turnover in the region of 0.5 billion dollars and is actively working to expand the range of services that go beyond market transactions with cryptocurrencies.