“We have seen really promising interest in Coinme from Korea,” said CEO Neil Bergquist. “There’s a large and sophisticated cryptocurrency community which understands the potential of a token tied to real world applications.”
Berquist stressed Coinme is in line with Korea’s goal to reduce fees and increase convenience of cryptocurrencies in the market. “We see initiatives like Seoul Pay reflect the growing desire to reduce transaction costs for small business,” he said. “The Coinme ecosystem also seeks to offer massively reduced transaction costs, so we see real synergies with the Korean market.”
Bitcoin ATM Coinme to make Korea debut in Q4
US blockchain startup Coinme, which operates cryptocurrency ATM machines, on Aug. 16 said it is seeking to roll out its service in Korea before the year-end. Seattle-based Coinme is the first licensed Bitcoin ATM operator in the US, allowing consumers to set up an account, buy and sell cryptocurrencies with a simple touch of the screen. It is located at 67 stations across the US. Coinme said it is eying Asia as the...
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