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“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.”

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