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    Tag: Bithumb

    eos 7 9 2019 LearnCrypto Powered By Wyckoff SMI 2023

    EOS Digest #2 – Strategic Vision, Thoughts On Governance, And Promising Projects

    EOS and Block.one made major announcements in June, celebrated one year from the mainnet launch, defended a bunch of controversies – you can get a…

    Karrie Butterfield July 9, 2019
    0 Comments
    crypto 4 23 2019 LearnCrypto Powered By Wyckoff SMI 2023

    DISNEY COULD SOON OWN OLDEST BITCOIN EXCHANGE IN $13 BILLION EQUITY DEAL

    HAPPY ENDING FOR DISNEY AND CRYPTO? As local news outlet JoongAng Ilbo reported quoted by Korea Herald April 17, Disney is currently one of the major bidders for a 98.6 percent…

    Karrie Butterfield April 23, 2019
    0 Comments
    Bitcoin 6 29 2018 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin Falls to a Yearly Low of $5,800: Factors and Trends

    The Bitcoin bloodbath of 2018 continues as the leading cryptocurrency fell to a new yearly low of $5,885.41 and still descending. Marking an almost 50% price…

    Karrie Butterfield June 29, 2018
    0 Comments
    crypto 6 28 2018 3 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Markets Budge Little, Bear Trend Shows Scant Signs of Reversal

    Crypto markets are seeing little momentum today, June 28, as data from Coin360 shows, with price fluctuations of within a 2 percent range among all of the…

    Karrie Butterfield June 28, 2018
    0 Comments
    Crypto 6 23 2018 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Markets Fall Further Amidst Week of FUD From Asian Sector

    The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and…

    Karrie Butterfield June 23, 2018
    0 Comments
    crypto 6 22 2018 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Prices Plummet Sharply, With Significant Losses Across the Board

    Almost all of the top one hundred cryptocurrencies by market cap have seen significant losses within the space of just a few hours today, June…

    Karrie Butterfield June 22, 2018
    0 Comments
    Altcoins 6 20 2018 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Markets Lose $10 Billion as Altcoins Predictably Plummet on Exchange Hack Story

    Markets have dopped, altcoins getting hit hardest are Iota, Dash, Qtum and Bytecoin. What appeared to be signs of a rebound over the past day…

    Karrie Butterfield June 20, 2018
    0 Comments
    crypto 2 6 8 2018 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

    South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports. The country’s…

    Karrie Butterfield June 8, 2018
    0 Comments
    South Korea 5 13 2018 LearnCrypto Powered By Wyckoff SMI 2023

    South Korea’s Top Financial Watchdog Joins Probe Into Cryptocurrency Exchanges

    South Korea’s top financial regulator the Financial Services Commission (FSC) joined the ongoing probe into local cryptocurrency exchanges Sunday, May 13. The FSC will now be taking part in the…

    Karrie Butterfield May 13, 2018
    0 Comments
    Bitpay and korea LearnCrypto Powered By Wyckoff SMI 2023

    Bithumb Exchange Enters Payments Market in Partnership With BitPay and Korea Pay’s Services

    Bithumb, one of Korea’s largest exchanges with a daily volume of approximately $511 million (~64,000 BTC), is partnering with mobile payment services providers as a…

    Karrie Butterfield March 28, 2018
    0 Comments
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    Bithumb Exchange Enters Payments Market in Partnership With BitPay and Korea Pay’s Services

    Forum Description

    Bithumb, one of Korea’s largest exchanges with a daily volume of approximately $511 million (~64,000 BTC), is partnering with mobile payment services providers as a way to bring digital currencies to retailers.

    Bithumb Exchange Partners With BitPay And Korea Pay’s Services

    Cryptocurrency exchange Bithumb has partnered with Korea Pay’s Services, a mobile payment operator in the country, in a move that could bring crypto payments to over 8,000 merchants across the country by the end of the year. There are about 200 franchise brands willing to give that payment option to their customers, including Cafe Droptop, seafood buffet restaurant Todai, dessert cafe chain Sulbing, and Yankee Candle stores. “We have taken a landmark step. We will try hard to set up an environment in which cryptocurrencies are used extensively”, said a spokesperson for Bithumb. Bithumb is not only entering the retail payment services market in South Korea. Through an announced partnership with BitPay, a U.S.-based global bitcoin payment service provider, Bithumb is out to conquer the world. The partnership with BitPay, confirmed to CNBC by BitPay chief commercial officer Sonny Singh, will enable businesses to issue invoices in Bitcoin and get settled through BitPay in a faster, cheaper, and more secure manner. Singh revealed BitPay will process an estimated amount of $4 billion in 2018 and expects cross-border payments between Korea and the West to hit a record high of $200 billion this year.
    “Right now, people are doing cross-border payments […] and paying bank wires, FX fees around 4% and it takes about four days. Using Bithumb and BitPay, we’re able to make this a 1% fee in one business day.”
    Potential regulation on cryptocurrencies in South Korea is nothing to worry about. On the contrary: “We welcome regulation. So, I think all the Korean exchanges like Bithumb — they welcome regulations too. We make sure they do proper AML/KYC checks”, Singh told CNBC. Earlier this year, the country’s financial watchdog South Korean Financial Services Commission announced legislation designed to tackle money laundering and to bring the space in line with banks’ KYC obligations. The country has banned anonymous trading accounts, the use of cryptocurrency exchanges abroad, and domestic ICOs. Last week, Bithumb announced an ICON Airdrop event to celebrate the listing of the ‘Korean version of Ethereum’ and the launch of Bithumb PRO. Demand for ICON skyrocketed during that period. A pilot of the partnership is expected to be launched in June. Consumer-focused offline cryptocurrency payments is a strategy that the exchange is pursuing to fuel adoption in South Korea, especially for newcomers.
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