As reported in the official announcement, published on November 7, the largest cryptocurrency exchange in South Korea, Bithumb, will cooperate with a large company Qoo10, which operates in the field of e-commerce. The purpose of cooperation is to develop a payment cryptocurrency system.
Qoo10 is the largest South Korean e-commerce company in the region. The company operates in Singapore, China, Hong Kong, and Indonesia. According to a press release, the collaboration will expand Bithumb’s payment services as a global payment method.
It is worth noting that both companies signed a cooperation agreement in August of this year. Then, in the framework of cooperation, the Qoo10 service and the Bithumb Cache system were developed. Launched this spring, Bithumb Cache is a calculation system that allows you to convert your funds for further use as a means of payment.
The new partnership will allow customers to pay for Qoo10 products using the Bithumb Cache payment system. The official press release says:
“The partnership with Qoo10 has made it possible for us to utilize the Bithumb cache beyond our home country and abroad for real life. We will continue to improve our services to improve customer convenience.”
We remind you that this summer the Qoo10 platform was purchased by eBay as part of the expansion of the company in the international market.
Bithumb, in turn, was noted for their collaboration with Fintech SeriesOne. The purpose of cooperation was the launch of the US securities exchange.
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