{"id":2099,"date":"2018-03-29T17:23:11","date_gmt":"2018-03-29T17:23:11","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=2099"},"modified":"2018-03-29T17:23:40","modified_gmt":"2018-03-29T17:23:40","slug":"bithumb-brings-cryptocurrency-payments-to-south-koreas-retailers","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/bithumb-brings-cryptocurrency-payments-to-south-koreas-retailers\/","title":{"rendered":"Bithumb Brings Cryptocurrency Payments to South Korea\u2019s Retailers"},"content":{"rendered":"
Similar to most other countries around the world, the majority of merchants in South Korea are not too keen on cryptocurrency payments just yet. Even though the country has an open mind toward Bitcoin and most altcoins, it has become evident there is still a very long way to go. Especially with the\u00a0regulatory\u00a0<\/a>aspect still a big question as of right now, the future of Bitcoin in the retail sector is pretty unclear.<\/p>\n That situation is slowly improving, though. With the help of\u00a0some South Korean companies, it has become a lot easier for merchants to deal with cryptocurrency payments. It now seems Bithumb, one of the largest exchanges in South Korea, is trying to make a positive impact in this regard. The company is making it easier for retailers to accept cryptocurrency payments. Their solution will soon be available to over 6,000 stores, which is a good start.<\/p>\n The name of this new venture remains unknown at this point in time. We do know Bithumb is\u00a0collaborating\u00a0<\/a>with Korea Pay\u2019s service to make\u00a0using\u00a0cryptocurrencies more convenient. Among the supported stores are Starbucks, Yankee Candle, and Sulbing. While this should help improve the rate of cryptocurrency payment adoption, it remains to be seen how many people will opt\u00a0to use this payment method in the future.<\/p>\n