In news out earlier this morning Bithumb announced that it was getting into the hospitality business.
Well sort of.
Bithumb announced a partnership with Good Choice, the largest accommodation application in South Korea, to start accepting payments in cryptocurrencies through Bithumb.
If you are not familiar Bithumb is the largest cryptocurrency exchange in South Korea.
Which means...
The largest crypto exchange in South Korea just partnered with the largest accommodations app in South Korea.
The results could likely be many more use cases for cryptocurrencies!
Some details:
What is most interesting about this partnership is that customers will be able to book their accomodations and pay for them with several different cryptocurrencies through Bithumb.
It's not clear exactly what cryptocurrencies will be able to be used, but it looks like it might depend on what the customer holds in their crypto wallet on the exchange.
Meaning there could be many options for customers.
Good Choice has over 50,000 accommodations registered in the country which include hotel chains, resorts, guest houses, motels, camping, and glamping (to name a few).
The App claims to have over 2 million monthly users and over 2 million user reviews.
Some more of the specifics can be found here:
This is likely just the beginning.
According to a quote from Bithumb, they will be looking to create partnerships with other companies as well.
A quote from Bithumb can be seen here:
“We are discussing with various companies to expand the use of cryptocurrencies.”
Awesome!
According to coinmarketcap there are currently over 10,000 business that currently accept cryptocurrencies, including the largest online travel site in the world, Expedia.
Stay informed my friends.
Image Source:
https://bitcoinexchangeguide.com/bithumb/
Follow me: @jrcornel
We. need. to. get. Steem. on. Bithumb!
Volume on the Steem/KRW pair on Upbit is already dwarfing Bittrex and Poloniex volumes.
Agreed. Any ideas on how we might go about it?
Crypto is the best
I love how every day more and more uses for crypto and it's integration into world wide businesses becomes prevalent. This is great ammunition against bears and people spreading FUD. I am glad Bithumb is taking this initiative and leading the way. Several other exchanges like Coinbase will need to continue to step up their partnerships and add additional tokens to their platform. Thanks for the share!
I think we will see more and more pop up over the coming months. The genie is out of the bottle at this point and is impossible to put it back in. :)
Wow, great news
Let’s see how this turns out. I’m not too optimistic, though i am a little excited
Thats good news, I heard the sesame street is now on board.
Vote and resteemit done dear .
빗썸 시세 확인 - 코인바인
Bithumb Live Ticker - Coinbine
One day crypto will dominate the world.
I agree with you
Well, most of the use cases we'll see in the near future are going to be from:
These are the begginers, the early adopters, the ones that really want these to work
I'm really waiting for more and more of the 2nd group to jump in, but, until there, we're standing in shaky grounds
P.S. Thanks for sharing the news around!
Good points, I agree.
It is motivating for an replace to creation this key in of partnership. therefore if I am deal rightly you would be skilled to employment a kind of currencies ? hence after that would Bithumb be liability the exchanges and paying out to the other point in frequent currency or would it be vise versa. can hustle new users to the swap but I'm not confident the force it would possess on individual coins. Will be appealing to watch.
good post
I think this year a lot of different "new and exciting things"are going to happen in the world of cryptocurrency and we are going to see a complete reversal of fortune. I'm pretty sure a lot of people will get rich this year.
I've always wondered though how to pronounce bithumb.
Is it like -
bit - humb.
Bit - hum - b.
So I usually just call it
Bit thumb. ;)
haha it is pretty strange word. I think I always say Bit-humb... but I like thumb better.
Wow... I support your motion Thanks for sharing such a useful [email protected] keep the good work of updating us on information like this... Thanks once more
That is great news, but maybe there will be more because North and South Korea are having meetings...Today one, one more announced...
i think Bithumb is the not a largest cryptocurrency exchange in South Korea.
It depends on what day you look at it in terms of dollar volume, though it certainly is one of the top couple either way you slice it.
i can understand. thank you.
It is interesting for an exchange to making this type of partnership. So if I am understanding correctly you would be able to use a variety of currencies ? So then would Bithumb be doing the exchanges and paying out to the other end in regular currency or would it be vise versa. Could drive more users to the exchange but I'm not sure the impact it would have on specific coins. Will be interesting to watch.
That I am not sure of just yet, but it sounds like it might be that. They would use the exchange as a payment processor of sorts.
This is very good news for crypto,But now what is happening we are losing our hope to crypto!!i is crying situations.Now i can't sell my crypto for low rate!!
Bithump is like bitcoin ?
Thank you for information~
Have a nice day!
Your post is always beautiful and interesting, so I enjoy it my friend @jrcornel
암호 화폐로 지불이 되는 것은 정해진 수순이나 빗썸에서 과감하게 시작을 하는군요.
좋은 정보 감사해요.
I've dealed with Bithumb the largest one in South Korea.
Thank you.
good news
have a good day
Great news~!
I live in South Korea and I can smell everyday adaption in the air :)
잘봤습니다 ㅎㅎ 리스팀이랑 팔로우하고가요 !
Companies are getting to more real world crypto applications, guess it's finally the time now.
I'm Korean and
It's first time to be proud of being korean in crypto market.
GOSH IT WILL BE SURGING
잘보고갑니다~^^
interesting!
I live in Korea but it is new news.
good post!!