South Korea: Largest Accommodation App Will Accept Crypto Payments
Positive news from South Korea, as Bithumb, the country's largest cryptocurrency exchange, aligns with Good Choice (여기어때), the country's largest accommodation app. Future plans will allow Good Choice users the option to pay for over 50,000 accommodations using their Bithumb account. Bithumb is an exchange, currently hosting 12 different cryptocurrencies, so their partnership with Good Choice essentially allows for the use of all 12 cryptocurrencies to pay for their travel lodging.
This is a landmark event as this is the first South Korean accommodation app to allow the use of cryptocurrency as a form of payment. Good Choice currently has over 2 Million monthly users and is well rated in both the iTunes and Google Play stores, giving this partnership a massive user base. A spokesperson for Bithumb had this to say:
Bithumb further declared that they expect this to come to fruition in the first half of this year, but with emphasis that they are working to have the option available as soon as possible. Great news those of us who also believe that global adoption of cryptocurrency is the future, we are happy to see South Korea joining the ranks.