Cryptocurrency exchange Bithumb cooperates with Korea Pay Service to facilitate access to the main cryptocurrency. In the first half of the year, the partners plan to reach 6 000 physical points to the end of the year there should be 8 000. It should be noted that one of the most traded cryptocurrency in South Korea is Ripple (XRP).
From $ 642,4 million – of total daily cryptobiotic – share Ripple (XRP) is $ 95.6 million, or 14,88%. This means that Ripple is the third best-selling scriptaction for Bithumb sixth scale the crypto currency exchange in the rating coinmarketcap.com.
Korea Pay Services manages electronic payment transactions in more than 200 franchises in 8,000 points of sale in the South Korean region. The partnership will increase the availability of Ripple in the above 8 000 points by the end of the year. The partnership’s goal is to create a comfortable environment for the payment of the cryptocurrency at thousands of locations, including Sulbing, Todau, Cafe Droptop and Yankee Candle.
The influence of South Korea on the stock market, despite the continuing threat of regulation by officials of the country. Earlier this year, South Korean traders helped boost the market capitalization Ripple with $ 40 billion to $ 88 billion. One explanation to explain the active presence of South Koreans in cryptography, is the effect of FOMO or Fear Of Missing Out. This leads to speculation in the country.
If partners will be able to implement the plans mentioned, the effect of Fear Of Missing Out won’t operate, since anyone can access cryptonym currencies in a physical place. It is possible that the cryptocurrency in South Korea will even be used in everyday payment of goods and services. This, in turn, gives cryptoprocta some validation.
Note, despite the news on partnerships, cryptocurrency is still in the red zone. Today, March 28 course Ripple (XRP) ranges from a value of $ 0,57.
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