Bithumb Partners With South Korea's Largest Accommodation App.
In news out earlier this morning Bithumb announced that it was getting into the hospitality business.
Well sort of.
Bithumb announced a partnership with Good Choice, the largest accommodation application in South Korea, to start accepting payments in cryptocurrencies through Bithumb.
If you are not familiar Bithumb is the largest cryptocurrency exchange in South Korea.
Which means...
The largest crypto exchange in South Korea just partnered with the largest accommodations app in South Korea.
The results could likely be many more use cases for cryptocurrencies!
Some details:
What is most interesting about this partnership is that customers will be able to book their accomodations and pay for them with several different cryptocurrencies through Bithumb.
It's not clear exactly what cryptocurrencies will be able to be used, but it looks like it might depend on what the customer holds in their crypto wallet on the exchange.
Meaning there could be many options for customers.
Good Choice has over 50,000 accommodations registered in the country which include hotel chains, resorts, guest houses, motels, camping, and glamping (to name a few).
The App claims to have over 2 million monthly users and over 2 million user reviews.
Some more of the specifics can be found here:
This is likely just the beginning.
According to a quote from Bithumb, they will be looking to create partnerships with other companies as well.
A quote from Bithumb can be seen here:
“We are discussing with various companies to expand the use of cryptocurrencies.”
Awesome!
According to coinmarketcap there are currently over 10,000 business that currently accept cryptocurrencies, including the largest online travel site in the world, Expedia.
Stay informed my friends.
Image Source:
https://bitcoinexchangeguide.com/bithumb/
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We. need. to. get. Steem. on. Bithumb!
Volume on the Steem/KRW pair on Upbit is already dwarfing Bittrex and Poloniex volumes.
Agreed. Any ideas on how we might go about it?
Crypto is the best
I love how every day more and more uses for crypto and it's integration into world wide businesses becomes prevalent. This is great ammunition against bears and people spreading FUD. I am glad Bithumb is taking this initiative and leading the way. Several other exchanges like Coinbase will need to continue to step up their partnerships and add additional tokens to their platform. Thanks for the share!
I think we will see more and more pop up over the coming months. The genie is out of the bottle at this point and is impossible to put it back in. :)
Wow, great news
Let’s see how this turns out. I’m not too optimistic, though i am a little excited
Thats good news, I heard the sesame street is now on board.
Vote and resteemit done dear .
빗썸 시세 확인 - 코인바인
Bithumb Live Ticker - Coinbine
One day crypto will dominate the world.
I agree with you
Well, most of the use cases we'll see in the near future are going to be from:
These are the begginers, the early adopters, the ones that really want these to work
I'm really waiting for more and more of the 2nd group to jump in, but, until there, we're standing in shaky grounds
P.S. Thanks for sharing the news around!
Good points, I agree.