South Korea 's leading virtual currency exchange Bithumb has partnered
with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment
service, according to an official announcement Nov. 7.
Qoo10, the so called “Asian Amazon,” is a leading South Korean e-
commerce company in pan-Asian markets such as Singapore , Hong Kong ,
China, and Indonesia . The press release notes that the partnership will
expand the Bithumb cash payment service as a global payment method.
The two companies initially signed a contract in August and proceeded
to work with the Qoo10 settlement service and Bithumb Cache system.
Introduced by Bithumb this spring, Bithumb Cache is a password
settlement service that allows Bithumb customers to convert their
funds to use for payments with their password, as Cointelegraph
reported Mar. 10.
Through this new partnership, it will become possible to purchase
products from Qoo10 and pay for them using the Bithumb Cache.
Bithumb’s press release states:
"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.”
Earlier this summer, eBay, a global e-commerce platform, had acquired
Qoo10 for the total sum of $573 million, with the aim of increasing
eBay’s international presence.
Last week, Bithumb partnered with U.S. fintech firm SeriesOne with
the goal to open a securities token exchange in America, Cointelegraph
reported Nov. 1.
According to CoinMarketCap , Bithumb is currently the number 76th
crypto exchange, with a total 24 hour trade volume of more than
$3,028 billion at press time.
with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment
service, according to an official announcement Nov. 7.
Qoo10, the so called “Asian Amazon,” is a leading South Korean e-
commerce company in pan-Asian markets such as Singapore , Hong Kong ,
China, and Indonesia . The press release notes that the partnership will
expand the Bithumb cash payment service as a global payment method.
The two companies initially signed a contract in August and proceeded
to work with the Qoo10 settlement service and Bithumb Cache system.
Introduced by Bithumb this spring, Bithumb Cache is a password
settlement service that allows Bithumb customers to convert their
funds to use for payments with their password, as Cointelegraph
reported Mar. 10.
Through this new partnership, it will become possible to purchase
products from Qoo10 and pay for them using the Bithumb Cache.
Bithumb’s press release states:
"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.”
Earlier this summer, eBay, a global e-commerce platform, had acquired
Qoo10 for the total sum of $573 million, with the aim of increasing
eBay’s international presence.
Last week, Bithumb partnered with U.S. fintech firm SeriesOne with
the goal to open a securities token exchange in America, Cointelegraph
reported Nov. 1.
According to CoinMarketCap , Bithumb is currently the number 76th
crypto exchange, with a total 24 hour trade volume of more than
$3,028 billion at press time.
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