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South Korea’s largest cryptocurrency exchange, Bithumb, is up to bring a drastical improvement in the adoption of digital currencies in the country and evolve into a bank-like business to ensure its users can use cryptocurrencies with ease, like cash.
The company is currently working with many of the leading companies and online businesses in South Korea apart from WeMakePrice and Yeogi Eottae to assist large-scale businesses in accepting cryptocurrencies. It has partnered with WeMakePrice to eliminate intermediaries like banks and financial service providers for merchants. it has entered the cryptocurrency kiosk industry to supply fast food chains, restaurants, cafes, and malls with cryptocurrency-accepting kiosks and ATMs.
Bithumb is attempting to revive the Bitcoin ATM and kiosk industry with its latest venture, which had failed previously due to lack of demand.