‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users
One of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon.” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service.
Qoo10 Partners With Bithumb
South Korean cryptocurrency exchange Bithumb announced on Wednesday the launch of its “cryptocurrency payment service” for major online shopping marketplace Qoo10, which it referred to as “Asia’s Amazon.”
The two companies signed a contract in August and have been developing a payment service for Qoo10 that uses Bithumb cash.
A Bithumb representative explained to news.Bitcoin.com that for each customer:
Bithumb cash is the total asset [value] of [their] cryptocurrencies and KRW.
Bithumb started offering the “Bithumb cash payment service for Qoo10 from the 5th of this month,” the exchange…
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