Crypto Payments Are Going Mainstream: Can Tourists Turn Into Daily Users In S...
Centralized exchange Crypto.com has partnered with KG Inicis, South Korea’s largest payment gateway and value added network (VAN) provider, to offer crypto payment options to foreign visitors in Korea. Related Reading: Crypto-Linked Crime Jumps In Basque Country — But What Does It Mean For Traders? A New Korean Alliance Crypto.com announced today that this partnership with KG Inicis aims to “scale the digital asset payments ecosystem by enabling digital asset payments for foreign travelers”. This will be achieved by the creation of Crypto.com Pay, an app that will allow said travelers to....
Related News
Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing cash exchange transactions in the region, where there are multiple dollar exchange rates. Bitso Launches QR Payment Service for Travelers Bitso, one of the leading cryptocurrency exchanges in Latam, has launched a QR-based payments service that aims to allow....
One Tifon exec thinks foreign tourists will likely contribute to the development and growth of crypto payments in the country. Crypto-payment processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto.According to Croatian news outlet Poslovni dnevnik, people needing to gas up their vehicles at any of the 46 Tifon stations in the country can now pay using Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP, and EOS. Tifon will integrate PayCek, a crypto payments platform from Electrocoin, into its existing payment....
Many countries struggle to attract tourists and those that do manage to get a steady inflow of visitors, often find that they tend to congregate at major attractions leaving a lot of places that are visit worthy untouched. In some countries which have recently put in newer landmarks such as Dubai, the problem of tourists not getting the full feel of the place is even more so the case. Tourists may want to see the 160 storey Burj Khalifa, the Palm Islands or the Burj Al Arab but they might miss the lesser known cultural or historical sights in Dubai. States and territories might want to....
Mastercard, Visa, PayPal and several others have paved the way for crypto to be used as a tool of payment for buying daily needed goods. The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another.Some of the biggest public companies such as MicroStrategy started using Bitcoin (BTC) as a treasury hedge, while the likes of PayPal, Mastercard and Visa paved the way for....
Thailand has the right mix of ingredients for Bitcoin to succeed – a large number of foreign tourists, inflows of multiple foreign currencies and tech-friendly banks. What is the catalyst required for Bitcoin to succeed in Thailand? High dependence on tourism. Thailand is a tourist-friendly nation and tourism contributes to over 19% (directly and indirectly) of the country's annual GDP. Over 25 million tourists visit Thailand every year, spending in excess of USD 40 Bn in the country. Tourism and travel account for 6% of the country's direct employment and a significant portion of the....