South Korean crypto money exchange Bithumb plans to enter the ATM market by setting up bitcoin ATMs in the country.
Bithumb, South Korea’s largest crypto money exchange, has collaborated with three kiosk producers Uno Space, TROS Systems and IYU to provide ATMs to different businesses including small restaurants and cafes.
Bithumb will establish a new brand called Touch B for bitcoin ATMs. The company said that they aim to support small business owners with the installation of bitcoin ATMs and to ensure the safety and security of their customers.
Bithumb in a statement :
Kiosk Introduction to kiosk business is important to provide small business owners with significant benefits and low-cost rental services. We will continue to work in various sectors based on Blockchain technology. We will continue to offer opportunities to offer total solutions for small businesses with our partnership. “
Bithumb has also partnered with Good Choice, a travel site with over 50,000 hotels to accept several encryption systems as a means of payment. Good Choice, Bitcoin, Bitcoin Cash, Ripple, Ethereum, Ethereum classic, EOS, Qtum, Monero, Litecoin, ZCash, Bitcoin Gold and Dash can support.
“Our partnership with the country’s largest accommodation application allowed us to participate in global trends to see more use of crypto coins in Korea, and we’re constantly in touch with several companies to use more of the crypto currency in Korea, a simple and secure payment tool. “
South Korea has one of the highest bitcoin trading volumes in the world. The government has recently banned the use of anonymous virtual accounts to trade in the country, but bitcoin and other crypto currencies continue to attract local investors.
South Korea’s cultural obsession with crypto money has aroused the government’s concern about the physical and mental well-being of its citizens. It is reported that the country’s policy makers have been charged with the task of preventing the growth of a new merchant tribe called “bitcoin zombies.”
In November 2017, Prime Minister Lee Nak-yeon expressed concern that students might be involved in bitcoin trade by what they called adlandırıl some serious pathological phenomenon november.