Cryptocurrencies keep expanding around the world with the help of the most significant players ter the market. Now, Bithumb, one of the most significant cryptocurrency exchanges te South Korea, announced a partnership with a mobile payment service provider known spil Korea Pay Services. The main purpose of the partnership is to make cryptocurrencies available te overheen 8,000 stores ter the country.
Bithumb and Korea Pay Partnership
Enterprises involved te the cryptocurrency environment are attempting to promote their businesses by expanding the use of cryptocurrencies. Ter order for the crypto industry to keep growing it is significant to have mass adoption. Merienda that will toebijten, cryptocurrencies will reach their total potential.
At the ogenblik, Bithumb is working with Korea Pay Service, te order to facilitate the availability and use of potencial currencies te the Asian country. South Korea is one of the countries with the highest trading volume on earth. South Koreans are very active te the cryptocurrency market and the government knows it.
The main intention is to expand the adoption of cryptocurrencies to about 6,000 outlets during the very very first half of the year. Before the end of , they are programma to increase this number to 8,000.
Regional media reported the information by quoting a Bithumb official:
&ldquo,Wij have taken a landmark step. Wij will attempt hard to set up an environment ter which cryptocurrencies are used extensively.&rdquo,
At the uur, Bithumb is the 6 th cryptocurrency by trading volume ter the world and the 2nd ter South Korea after Upbit. At the ogenblik it is treating almost $600 million dollars ter trading volume, being EOS/KRW, BTC/KRW, and XRP/KRW the most traded pairs.
Bithumb has also announced that it is collaborating with BitPay te order to facilitate cross payments inbetween the Westelijk and South Korea. With the expansion that Bithumb is promoting, cryptocurrencies would be able to expand spil a means of payment.
South Korea is imposing rigorous regulations to the market, but the enterprises registered there are attempting to obey with all the requirements and at the same time, promote cryptocurrency usage te the country.