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Beach lovers in South Korea can now pay for services with Bitcoin

August 9, 2020

A pilot project led by Bitbeat subsidiary CIC Enterprise aims to provide cryptocurrency payment solutions for tourists that can be used on two of the busiest beaches in the country.

according to ZDNet Korea, The company has teamed up with the provider of card and cash payments. Innotech, for a token payment solution on Haeundae Beach in Busan, South Korea, very famous among tourists.

The program will allow people Pay for activities related to water sports, life jackets and even the rental of umbrellas with Bitcoin (BTC), Ethereum (ETH) and ERC20, MCI and WAY tokens via a smartphone application.

A faster payment solution for tourists

Beach lovers in South Korea can now pay for services with BitcoinBeach lovers in South Korea can now pay for services with Bitcoin

Bitbeat said such payments could be processed in less than 10 seconds if QR codes were used for every wallet in the world. This differentiates it from similar projects that are often requested by their clients Download separate apps to complete the whole process.

The company added:

“We hope that the virtual currency used in the Haeundae-gu beach system will be more widely used in real life. We will try to provide a cryptocurrency payment environment. “

The authorities in Busan hope that on summer days people would rather rent services on Haeundae beaches than bring their own belongings to enjoy their time on the beaches. Another beach in Songjeong is also running a similar pilot program for cryptocurrency payments.

Also in Busan, a public-private consortium in South Korea announced on June 20 its intention to build a blockchain-based medical tourism platform. No release date was set and noisy Gyeongnam Ilbo, the initiative is led by Busan Bank.

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