South Korea Is Going Crypto Crazy

in #blockchain6 years ago

South Korea is truly crypto crazy. While the country has less than 1 percent of the world’s population, estimates indicate it is responsible for 30 percent of all cryptocurrency trading in the world. Steve Lim, CSO of South Korean crypto exchange Coinone said in an interview last year: “People are crazed over it.

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Grandpas and grandmas come to our office lobby and say they want to put [in] half a billion won ($447,000). We ask them how they heard about us, and they say, ‘I heard about you through a friend who invested a couple thousand and made a killing, and I want to do it too’ … but they have no idea how to use the app or email.”

(Read More Here At Vulturebeat)
https://venturebeat.com/2018/07/14/why-south-korea-is-crypto-crazy-and-what-that-means-for-the-rest-of-the-world/