Bithumb to Launch Payment Service is Qoo10

Qoo10, also known as the “Asian Amazon”, is a giant of online commerce operating in Singapore, Hong Kong, China and Indonesia
08 November 2018   500

Bithumb reported that it had entered into an agreement with Qoo10 to create a service for paying for goods and services using cryptocurrencies. This is reported by Cointelegraph.

Qoo10, also known as the “Asian Amazon”, is a giant of online commerce operating in Singapore, Hong Kong, China and Indonesia. The press release also says that within the framework of cooperation, the Bithumb payment service will be expanded for use around the world.

The partnership with Qoo10 has made it possible for us to utilize the Bithumb cache beyond our home country and abroad for real life. We will continue to improve our services to improve customer convenience.
 

Bithumb

The companies signed a corresponding agreement back in August, after which they started working on settlement services as part of the Qoo10 service and the Bithumb Cache system. The Bithumb settlement service was introduced in the spring and allows exchange customers to exchange crypto assets and use them for payments.

Thanks to a new partnership, consumers will be able to buy Qoo10 products using the Bithumb Cache service.

Bithumb Operator to Gain $200M

Will these giant investments help exchange to end 2019 with profit? Time will show
15 April 2019   266

The parent company of the South Korean exchange cryptocurrency Bithumb received $ 200 million of funding from the Japanese blockchain fund called ST, Cointelegraph reported.

Funding was provided as part of the investment round of the A series and will allow the Blockchain Exchange Alliance (BXA) to continue the international expansion of the Bithumb business. The company also promises to implement the support of new trading pairs.

The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.
 

BXA

At the end of March, Bithumb suffered another hacker attack and lost about $ 13 million in cryptocurrency. Recently, the company reported on its performance for 2018 - its losses amounted to about $ 180 million.

ST Fund is registered in Japan and manages the capital of investors from around the world, including Europe and the USA.