Bithumb brings offline cryptocurrency payments to South Korea

Bithumb brings offline cryptocurrency payments to South Korea

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It wasn’t too long ago that, in some parts of the world, it became possible to use nothing more than a cell phone linked to a bank account to buy products from vending machines. It’s a novel concept that eases the customer experience, and Bithumb, South Korea’s largest cryptocurrency exchange, is hoping to kick things up a notch with vending machines that accept crypto payments. The pilot program has been working well, and the exchange has now expanded its kiosks in the country to accept Bitcoin Cash (BCH). At the end of March, CoinGeek reported on a program being tested by Bithumb to bring cryptocurrecy to over 8,000 retail merchants. The plan is to make paying with digital currency just as easy as paying with fiat, and the exchange set up partnerships with three kiosk manufacturers—UNO Space, IYU and Tros Systems—to help further its agenda. The kiosks are to be installed in small businesses centered on the food and beverage industry. Bithumb brings offline cryptocurrency payments to South Korea

thumbnail courtesy of coingeek.com