RATE Group | Litecoin Launching at 13,000 ATMs in South Korea, Foundation Aims for Global Expansion o…
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Litecoin Launching at 13,000 ATMs in South Korea, Foundation Aims for Global Expansion o…

27 Feb Litecoin Launching at 13,000 ATMs in South Korea, Foundation Aims for Global Expansion o…

Posted at 21:10h in Cryptocurrency News by

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Litecoin (LTC), the seventh-largest cryptocurrency by market cap, can now be withdrawn in Korean Won (KRW) at over 13,000 ATMs in South Korea. According to the Litecoin Foundation, LTC is going mainstream in South Korea through a partnership with MeconCash. A Bitcoin spinoff, LTC allows people to make peer-to-peer transactions without a central authority.

MeconCash is integrating the cryptocurrency into its M.Pay platform, allowing Litecoin holders to send remittances to Korea from overseas and to access quick cash. Litecoin users will also be able to purchase products on MeconCash’s MeconMall and pay for mobile games that utilize M.Pay for rewards.

The partnership plans to deliver more services in the future. Says Jo Jae Do, chairman of MeconCash,

“Through our partnership with Litecoin Foundation, we will grow the presence of Litecoin throughout the Korean market starting with the ATM withdrawal services. And with Litecoin Foundation as our…

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