- Litecoin Foundation has partnered with MeconCash
- Partnership with MeconCash is designed to offer LTC to fiat withdrawal
- MeconCash nearly 13,000 ATMs in South Korea
Litecoin news today – According to recent reports, the Litecoin Foundation has gone into a collaboration with South Korean crypto firm, MeconCash. The goal of the partnership is to offer LTC to fiat withdrawal facilities in South Korea. The partnership between both entities will allow Litecoin to automatically integrate into MeconCash’s M.Pay platform. It also allows LTC withdrawals in the Korean Won at over 13,000 ATMs in the country. This is another milestone for the Litecoin protocol. One that will go a long way to drive adoption and usage for the Blockchain project.
Litecoin (LTC) Price Today – LTC / USD
Litecoin LTC Holders Will Now Have Access to Quick Cash
This new partnership with MeconCash will allow Litecoin holders to gain access to quick cash and send remittances to their friends or family within South Korea. South Korea’s remittance market has been projected to grow by a rate of $6 billion per year. Additionally, the Litecoin holders will be able to use fiat to make any payments they wish and purchase new products on the MeconCash MeconMall. They will also be able to pay for mobile games. Games that make use of the M.Pay Blockchain for rewards. The creator and managing director of the Litecoin Foundation have spoken about the new arrangement. Here is what Charlie Lee said:
“The arrangement to have Litecoin integrated into M.Pay’s platform, and a large link of ATM’s is a huge step toward the expansion of the footprint of Litecoin in the South Korean market. We are excited to collaborate with MeconCash for this project as they continue to expand their platform and provide users with additional services via which LTC can be used as well.”
Speaking on the scheme, MeconCash’s Chairman Jo Jae Do, said;
“Through this new partnership with the Litecoin Foundation, MeconCash will grow the presence of Litecoin (LTC) throughout the Korean crypto market starting with ATM withdrawal services. With the Litecoin Foundation as our major partner, we are hoping to grow our services globally. We see positive synergies shortly in the Korean crypto market and in the global market as well.”
More on the MeconCash Company (M.Pay Blockchain)
M.Pay the technology developed by MeconCash is a Blockchain technology protocol that is based in SHA-256 and South Korea. This Blockchain network allows user assets on its protocol to be transferred and/or traded between different services. The firm integrates point reward systems, and contents purchase, as well as settlement. The MeconCash Features include Mobile Games, Mobile Applications, eCommerce, and Crypto P2P Service, to name a few.