WeMakePrice to Accept 12 Cryptocurrencies

Largest e-commerce platform in South Korea is integrating 12 cryptocurrencies
29 January 2018   1231

Bitcoin, Ethereum, Litecoin and other crypto-currencies will soon be available as a payment option on South Korea's largest e-commerce platform WeMakePrice (Wemepu), CCN reports.

Integration of the cryptocurrency into OneThePay payment system, which WeMakePrice uses, will be implemented with the support of the leading exchange of the country Bithumb. Users will use the existing application without creating an additional account on Bithumb.

In an interview to HanKyoReh, the representative of WeMakePrice said that the decision to integrate crypto-currency became part of a broader initiative aimed at facilitating the process of paying customers for purchases.

Integrating cryptocurrencies is a part of our initiative to make payments more convenient for our consumers and clients. We consider mobile fintech apps, points, and cryptocurrencies as efficient payment methods.


It is also noted that this is the first time that the leading online retailer of South Korea will offer crypto-currencies as one of the main payment methods. It is expected that this solution WeMakePrice will contribute to the further popularization of the country's cryptocurrency. 

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.