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- MeconCash Trading Platform introduced Litecoin Exchange with Korean Won (KRW) available through the platform in entire South Korea.
- Bithumb has housed all international payments mainly through Litecoin.
- The users of Litecoin also have the option to make payments on the gaming network M.Pay, which is another platform controlled by MeconCash.
Litecoin Foundation had seen further advancement in its ecosystem when the MeconCash Trading Platform introduced Litecoin Exchange with Korean Won (KRW) available through the platform in entire South Korea through ATMs; this facility is available in around 13,000 ATMs nationwide. Litecoin foundation expressed its gratitude through its twitter handle.
We are thrilled to announce that Litecoin Foundation is partnering with MeconCash to enable Litecoin (LTC) withdrawals to Korean Won (KRW) at over 13,000 atms across South Korea. Read more: https://t.co/yJfSTkRoC9 pic.twitter.com/Mx1njs9AZb
— Litecoin Foundation ⚡️ (@LTCFoundation) February 27, 2020
Previously Litecoin was thriving in the South Korean market with a larger scale adoption and transaction, Bithumb Exchange Platform alone has managed to popularise Litecoin in the South Korean Territory due to the leverage provided on the platform. Bithumb has housed all international payments mainly through Litecoin.
This new venture of providing Litecoin through ATMs for Korean Won not only facilitates the same bit also aids in making payments and transfers throughout the country. The users of Litecoin also have the option to make payments on the gaming network M.Pay, which is another platform controlled by MeconCash.
The director-general of MeconCash Joe Jay Dosh gave a remark on this new initiation that this collaboration will further expand and popularise the Litecoin to the South Korean community and market and alongside increase the demand for ATM services inside the country for the same application.
This will also ensure further enhancive growth for the Litecoin foundation and ecosystem where the Litecoin will not only be exchanged for Korean Won but also can be used in making transactions for general and business purposes.
MeconCash ATMs are most widely present in the South Korean Territory with further additional installations of more ATMs that will foresee the wider use of Litecoin through transactions and withdrawals.
As a Bitcoin Fork, Litecoin is yet to reach the required popularity and market stability, although it stands in the top ten coins and has managed to reign in its position since its launch in 2011 as an Altcoin of BTC.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
