South Koreas Largest Crypto Exchange Bithumb To Supply Crypto Kiosks To Restaurants

South Koreas Largest Crypto Exchange Bithumb To Supply Crypto Kiosks To Restaurants
South Korean-based crypto exchange Bithumb will be providing kiosks to restaurants, allowing customers to pay for food with their crypto holdings.

South Korean-based crypto exchange Bithumb has announced plans to supply kiosks to restaurants and cafes with an option for customers to pay for their food orders with their Bithumb crypto holdings, local news outlet Zdnet reported March 7.

The kiosk brand, called Touch B, is the result of a February partnership between Bithumb and kiosk manufacturers Unos Space, Tros Systems, and IYU for Bithumb to supply kiosks optimized for small businesses that operate food and beverage franchises, small restaurants, and cafes.

Zdnet reports that Bithumb launched three services, two of which were named in the article as kiosks Touchpad and Touchbone, giving business owners options based on their size and card requirements. Rental costs for Touch B kiosks will be offered for 10 percent less than the going rate as a way to help smaller businesses afford to use Bithumbs products.

The third service is called Bithumb Cache, a password settlement service that will allow Bithumb customers to convert their funds to use at the kiosk with their password, thus generat[ing] synergy [between the food] business [and] the currency exchange business.

According to a statement from Bithumb,

"The entry into the kiosk business is meaningful to provide substantial benefits and low-cost rental services to small business owners. We will continue to work in various industries based on Blockchain technology, We will continue to provide opportunities to provide total solutions for small businesses through our partnership. "

Bithumb is ranked number 5 globally by trading volume over a 24 hour period, according to data from CoinMarketCap, with a trading volume around $732 mln on the day to press time.

Cointelegraph contributor Joseph Young tweeted yesterday, March 9, that Bithumbs announcement could really fuel [crypto] adoption in South Korea:

At the beginning of this month, Australian crypto exchange also combined cryptocurrencies and small businesses by launching a system that would allow 1,200 newsstands across Australia to sell crypto through iPad minis.

10.03.2018 / 06:55 144
South Koreas Largest Hotel Booking Platform Will Accept Cryptocurrency South Koreas Largest Hotel Booking
Yeogi Eottae, a major South Korean hotel booking platform which translates to How is This Place?, has partnered with the countrys largest
Bithumb Launching Kiosks at Restaurants for Food Orders and Crypto Payments in Korea Bithumb Launching Kiosks at Restaurants
Korean crypto exchange Bithumb is entering the retail kiosk business to accelerate crypto adoption in the country. These order-taking and payment
South Korean Government Bans Officials From Crypto Holding And Trading South Korean Government Bans Officials
The government of South Korea has banned public officials from holding and trading cryptocurrencies under civil servants conduct law. The South
South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies South Korean Travel Site with Over
A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to
Koreas Mandatory Crypto Real-Name System Neglected  19% Conversion Rate Koreas Mandatory Crypto Real-Name
South Koreas real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new
South Korean Bank Plans ?Commercial’ Ripple Remittances By 2019 South Korean Bank Plans
Ripple-based remittances are set to launch with South Korean bank Woori Bank. South Korean bank Woori Bank intends to introduce commercialized
Comments (0)
Add a comment
Comment on