Crypto Pay on the Rise in South Korea as Commercial Giants Ink Partnership Deals
South Korean retail chains are embracing crypto- and blockchain-powered payment platforms – and so are their customers, according to new industry data.
Per the Kookmin Ilbo, there has been a 136.6% rise in the number of crypto- and blockchain-powered pay transactions over the course of the past 12 months at CU, one of the nation’s biggest convenience store chains. However, the report did not provide any other numbers.
In either case, CU, which is operated by the BGF Retail business group, accepts a number of crypto-related payment options, including Danal’s Paycoin platform and Chai’s Chai Pay.
Paycoin makes use of an eponymous token – paycoin (PCI) – that trades on platforms such as Coinbase. Users make real-time exchanges via an app, and can
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