Litecoin Foundation partnering with MeconCash on e-commerce, ATM access

https://www.mobilepaymentstoday.com/news/litecoin-foundation-partnering-with-meconcash-on-e-commerce-atm-access/
http://nmgprod.s3.amazonaws.com/media/files/1a/5d/1a5daa0e1829b3e244218ba30193a4bd/cover_image_1582902079.jpg.300x170_q85_crop.jpg?#

Litecoin Foundation partnering with MeconCash on e-commerce, ATM access

Litecoin Foundation is partnering with MeconCash to integrate Litecoin into its MPay platform, a deal that will allow the the digital currency to be used for various transactions and payment services, including withdrawals in Korean won at more than 13,000 ATMs, according to a company blogpost

The partnership will allow users to conduct overseas money transfers, which is a $6 billion market. They can also make purchases on MeconMall, the online shopping site from MeconCash and pay for mobile games that use M.Pay for rewards redemption. 

“Through our partnership with Litecoin Foundation, we will grow the presence of Litecoin throughout the Korean market starting with the ATM services,” Jo Jae Do, chairman of MeconCash said in the blog.

Charlie Lee, the creator of Litecoin and managing director of the Litecoin Foundation, said the partnership will go a long way towards helping the currency expand its footprint in the Korean market.

Cover image: iStock


Topics: ATM Innovation, ATM & Mobile Banking, Debit / Credit, Payments


Sponsored Links:


Latest Content

https://www.mobilepaymentstoday.com/news/litecoin-foundation-partnering-with-meconcash-on-e-commerce-atm-access/