RATE Group | Introduced cryptocurrency paymen method in CU c-stores
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Introduced cryptocurrency paymen method in CU c-stores

18 Oct Introduced cryptocurrency paymen method in CU c-stores

Posted at 13:38h in Cryptocurrency News by

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CHAI, operating on Terra blockchain, will be accepted as a payment method in about 13,500 CU convenience stores.


South Korea: Introduced cryptocurrency paymen method in CU c-stores
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South Korean mobile payment app CHAI, operating on Terra blockchain, is introducing a system of blockchain-based cryptocurrency payment method in over 13,500 CU convenience stores.

Terra blockchain stated in a press release that CHAI would be acceptable as a viable mode of payment at CU- the prime convenience store chain in South Korea, owned by BGF Retail.

CHAI will provide a 5-10% discount to its costumers along with a small transaction fee to the merchants.

In addition, BGF claims to have acquired a partnership with South Korea’s biggest payment processor, BC Card and will have them issue a prepaid debit card by the beginning of the next year.

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