• Thu, 22 Aug 2019, 04:50 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

South Korean crypto exchange Bithumb partners with Qoo10 to launch payment service

Fri, 09 Nov 2018, 07:24 am UTC

South Korean cryptocurrency exchange Bithumb, in collaboration with Asian e-commerce firm Qoo10, is going to roll out a cryptocurrency payment service.

Referring to the official announcement dated November 7, CoinTelegraph reported that the companies signed a contract in August and are working with the Qoo10 settlement service and Bithumb Cache system. The partnership aims to expand the Bithumb cash payment service as a global payment method.

Introduced earlier this year, Bithumb Cache is a password settlement service that enables the exchange’s customers to convert their funds to use for payments with their password.

With this partnership, customers will be able to purchase products from Qoo10 and pay for them using the Bithumb Cache.

"The partnership with Qoo10 has made it possible for us to utilize the Bithumb cache beyond our home country and abroad for real life. We will continue to improve our services to improve customer convenience,” Bithumb said.

Qoo10, also known as “Asian Amazon,” was acquired by e-commerce giant eBay earlier this year. Headquartered in Singapore, it operates localized online marketplaces across Singapore, Indonesia, Malaysia, China, and Hong Kong, and on one international online marketplace

Last week, Bithumb entered into a joint venture with crowdfunding platform seriesOne to launch a security token exchange in the United States.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,992.15 (-3.44%)
  • Ethereum (ETH) $185.32 (-2.50%)
  • XRP (XRP) $0.265800 (-0.77%)
  • Bitcoin Cash (BCH) $299.82 (-2.80%)
  • Litecoin (LTC) $72.46 (-2.35%)
  • Bitcoin (BTC) $9,992.15 (-3.44%)
Aug 22, 2019 (Thursday)
Indian Supreme Court grills RBI for cryptocurrency banking ban
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
Korean crypto exchange Prixbit shuts down over financial crisis
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
Austrian telecom giant A1 to offer cryptocurrency payment option
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
Blockchain securities issuance platform iownit.us obtains approval from FINRA
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.