The crypto exchange market has recently seen the birth of new companies to study before entering the sector. With an ever more comprehensive market offer, it is up to the individual investor to understand the industry’s best operator. Keeping in mind that different traders are better suited to different types of investors, today we will impartially talk about BitYard, a Singapore-born trader. Founded in 2019, BitYard is a cryptocurrency exchange that offers a range of services to its customers, as…
The Litecoin Foundation announced that it was partnering with MeconCash to allow LTC to be withdrawn in Korean won (KRW) at over 13,000 ATMs in the country. The announcement was made on the 28th of February 2020. This partnership gives LTC holders access to quick cash while being able to send remittances from overseas to South Korea.
According to the terms of the partnership, LTC will be integrated into MeconCash’s M.Pay payments platform. The LTC coin shall be an acceptable medium of payment by MeconMall, MeconCash’s retail platform. Games that accept M.Pay rewards shall also be paid for via the platform.
MeconCash’s chairman, Jo Jae Do, has noted this partnership’s ability to grow the presence of Litecoin throughout South Korea. ATM withdrawals services shall be the starting point of this expansion.
With the Litecoin foundation as a business partner, Jae Do is optimistic about MeconCash’s ability to set a global footprint. In his view, the near future holds positive expansion signs both in the Korean and global market at large. Litecoin’s founder, Charlie Lee, also views the integration of Litecoin into M.Pay’s platform and several networks of ATMs as a positive step toward the crypto’s expansion into the South Korean market. He believes that MeconCash’s persistent expansion together with its additive services offers a good medium for LTC use.