8.2 C
New York
Sunday, October 25, 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

Oliver McGowan: Police investigate autistic teenager’s death at Bristol NHS hospital

Police are examining the death of an autistic teen in an NHS hospital over claims he was recommended medication versus his moms and dads'...

China mourns thousands who died in nation’s coronavirus epidemic

China on Saturday mourned the thousands of "martyrs" who have died in the new coronavirus break out, flying the national flag at half mast...

Marcus Buchecha trains at AKA with Daniel Cormier, Luke Rockhold

Is Lamar Jackson truly much better than Patrick Mahomes? by Leigh Oleszczak Zion Williamson will play in Pelicans' seeding opener versus Jazz...