Paycoin expands real-life virtual asset payments to CU convenience stores and others
Summary
- Paycoin said it is expanding payment services to franchise stores such as CU, Hanjin Hootown, and Dal.Komm Coffee.
- It said this expansion broadens use cases to everyday consumption areas such as convenience stores and cafes.
- A Paycoin official said the expansion of virtual asset payments into everyday life is a signal of virtual assets moving from investment to actual use.
Paycoin, a virtual asset (cryptocurrency) payment platform, announced on the 29th that it will start payment services at franchise stores such as CU, Hanjin Hootown, and Dal.Komm Coffee from the 1st of next month.
With this expansion, Paycoin has broadened its use beyond existing pizza franchises to everyday consumer areas such as convenience stores and cafes. Payments are made through the Paycoin app, and, linked with the Korbit exchange, users' Bitcoin (BTC), Ethereum (ETH), and Paycoin (PCI) holdings are sold in real time with the corresponding amount withdrawn from the payment account.
A Paycoin official said, "Now the scope of virtual asset payments has expanded to everyday consumption spaces like convenience stores and cafes," adding, "This is a strong signal that virtual assets are entering real life beyond investment."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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