8.2 C
New York
Wednesday, July 29, 2020
Home CryptoCurrency Busy South Korean Beach Says ‘Yes’ to Crypto

Busy South Korean Beach Says ‘Yes’ to Crypto

HaeundaeBeach Source: Adobe/panyaphotograph.

Holidaymakers at Haeundae, South Korea’s busiest and most popular beach, will be able to spend for services such as sun umbrella and inflatable tube leasings in bitcoin (BTC), ethereum (ETH) and other tokens next month.

Haeundae Beach, in South Korea’s second city Busan, is a 1.5 km-long, 30-50 m broad stretch of sand that draws in numerous countless visitors a day throughout the peak summer season of July and August.

And per media outlet Fintech Post, Busan city authorities have actually partnered with CIC Business, an arm of blockchain company Bitbeat, along with Innotech, a company that currently offers payment facilities to the city’s beaches.

Under the regards to the offer, beach authorities of both Haeundae and neighboring competing hotspot Songjeong Beach– a popular neighboring location for web surfers– will enable sunbathers, swimmers and watersport fans to pay in fiat utilizing debit or credit cards, or utilize BTC, ETH or the musiconomi (MCI) and METHOD tokens.

As part of coronavirus-fighting contact-free drives, crypto lovers will be able to spend for their beach vacations in BTC, ETH and the rest online prior to they even leave the house– getting their parasols, rowboats and the like when they get here.

Busan stated that the project will run from August 1 up until completion of the summertime season, however might be followed up next year with a broader blockchain-powered payment system at beaches all over the city.
Learn more:
New Collaboration Lets Travelers Book Expedia Hotels with Bitcoin
K-pop Star Kwon Hyun-bin to Appear in ‘Crypto-themed’ K-drama Series

Follow World Weekly News on

Tyler Hromadka
Tyler Hromadka
Tyler is working as the Author at World Weekly News. He has a love for writing and have been writing for a few years now as a free-lancer.

Leave a Reply

Must Read

Crypto BLINC, Huawei’s Blockchain Patent, XRP’s Payburner + More News

Source: Adobe/ink drop. Get your day-to-day, bite-sized absorb of cryptoasset and blockchain-related news-- examining the stories flying under the radar these days's crypto news. ...

White House to send more federal troops to Portland amid protests

The White House is preparing to send more federal troops to Portland in a quote to stop continuous protests, reports claim. Donald Trump's...

Cyclists to be handed ₤50 bike repair vouchers under government fitness drive

Biking fanatic Boris Johnson is appealing ₤50 repair vouchers as part of his coronavirus crusade to convince people to get on their bike....