South Korean Beachgoers Can Now Use Bitcoin to Pay for Services
The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime. A pilot project run by Bitbeat-affiliate company CIC Enterprise wants to provide crypto payment solutions at two of the busiest beaches of the country for tourists to use. According to ZDNet Korea, the firm partnered with card and cash payments provider Innotech for the token-powered payments solution in the Haeundae Beach System on the beaches of Busan in South Korea famous with tourists. The program will allow people to pay for water sports-related activities, life jackets, and even parasol rentals, among others, with Bitcoin (BTC), Ethereum (ETH), along with MCI and WAY ERC20 tokens through a smartphone-based application. A faster payment solution for tourists Bitbeat said that such payments could be processed in less than 10 seconds by relying on the use of QR codes for any wallet in the world, making it different from similar projects that often require customers to download separate apps to complete all the process. The company adds: “We hope that the virtual currency used in the Haeundae-gu beach system will be more widely used in real life.
Coin Telegraph - 9th Aug 02:08