- Pay lists Bitcoin Cash for withdrawals in South Korea
- Users can now make urgent transactions at places that P2P isn’t accessible
- com to launch a $200 million BCH investment this year
Bitcoin Cash News – According to reports, Mecon Cash, the South Korean cryptocurrency firm has listed Bitcoin Cash on M.Pay for withdrawals in the region. M.Pay is owned by Mecon Cash. The new arrangement is done in collaboration with an agreement with Bitcoin.com. M.Pay is linked to 13,000 ATM units in South Korea.
Per the report, the target demographic for the new initiative are crypto holders who need access to quick cash. It is also in place for people who send funds to Korea from abroad every year. Mecon Cash also operates Mecon Mall (an e-commerce platform that lets users buy a broad range of products). There are also mobile games that make use of M.Pay for user rewards. Now that Bitcoin Cash has been added, users can expect more collaborations with Bitcoin.com in the future.
Bitcoin Cash (BCH) Price Today – BCH / USD
Mecon Cash Chairman Described the Arrangement as a Move to Expand the Presence of Bitcoin Cash
Speaking about the arrangement, Mecon Cash chief Jo Jae Do said:
“Through this partnership with Bitcoin.com, Mecon Cash will grow BCH’s presence throughout the Korean market beginning with ATM withdrawal services. Mecon is working on big applications where the collaboration with Bitcoin.com will bring about positive synergies in the future globally. Mecon Cash has enabled Bitcoin Cash to be utilized at 13,700 ATM units across Korea.”
According to Roger Ver, the Executive Chairman of Bitcoin.com:
“Bitcoin.com is proud to have entered a working relationship with Mecon Cash to help bring Bitcoin Cash to Korea and the rest of the world.”
Promoting the Bitcoin Cash Ecosystem
Maintaining consistency among the top cryptos by market cap, BCH is widely accepted by the bulk of crypto service providers. The network powers the Simple Ledger Protocol framework which includes 6,000 SLP tokens so far since August 2018. In a mission to ensure economic freedom worldwide, Bitcoin.com is promoting BCH adoption as a P2P (peer-to-peer) electronic money. Last year, electronics manufacturer HTC, listed support for Bitcoin Cash to its recent smartphone, Exodus 1, after entering a partnership with Bitcoin.com.
It was also revealed recently that Bitcoin.com is looking to initiate a $200 million Bitcoin Cash investment scheme this year. The fund will focus on payment solutions. It will also be about non-custodial financial services related to BCH. The $200 million BCH investment fund will incubate BCH businesses including payment gateways, remittances, processors, wallet and merchant acquirers