South Korea largest cryptocurrency exchange is planning to launch a special service for Korean food and beverage franchises. In order to reach the customers that deal with virtual currencies, Bithumb partnered with kiosk manufacturers Tros Systems, IYU and Unos Space. The purpose - designing and installing digital currency kiosks into cafes and restaurants. With the special software for the kiosks by Bithumb, clients will be able to pay for their food with their cryptocurrency on the exchange. Potential kiosk users will be able to easily access their accounts with just the password because the machines will be equipped with Bithumb Cache - a password settlement service.
The entry into the kiosk business is meaningful to provide substantial benefits and low-cost rental services to small business owners. We will continue to work in various industries based on Blockchain technology. We will continue to provide opportunities to provide total solutions for small businesses through our partnership.
Excerpt from Bithumb statement
In order to stimulate the adoption of the new concept, Bithumb is going to offer 2 options for the franchises: first, service packages for businesses to choose from in order to get the best match to their needs; and second, a discount of 10% for the catering companies with the intention to help this area of small business afford the product. Estimates indicate over 1 mln cryptocurrency holders in Korea suggesting a gigantic open market for food service providers have yet to set foot into.
Earlier, a similar precedent was spotted in Japan.