Today we was informed about a new partnership between the Litecoin Foundation and the M.Pay platform.
This cooperation is based on enabling LTC / KRW withdrawals at more than 13 000 ATMs in South Korea.
For all Litecoin hodlers, this service will allow withdrawal cash and sending payments via LTC to South Korea from abroad.
In addition, Litecoin owners can purchase products at Meconcash’s MeconMall.
“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 partner, we are expecting to grow globally and see positive synergies in the upcoming future not only in the Korean market but also in the global market,” said Chairman of MeconCash, Jo Jae Do.
“Litecoin’s integration into M.Pay’s platform and large network of ATM’s is a big step toward expanding Litecoin’s footprint in the South Korean market, and we are excited to partner with MeconCash as they continue to grow their platform and offer additional services through which Litecoin can be used,” said Charlie Lee, creator of Litecoin and Managing Director of Litecoin Foundation.
“The ability to access cash through Litecoin at over 13,000 ATM’s opens the door to new opportunities within the Korean market and globally,”
“With billions in remittances sent each year to South Korea, Litecoin (through its speed, security, and low transaction fees) offers significant advantages over traditional methods of sending money overseas through the M.Pay platform.”
“We look forward to our partnership with MeconCash as we continue to expand Litecoin adoption within the Korean market and around the world.” said Alan Austin, Director at Litecoin Foundation.
Litecoin is still one of the most popular cryptocurrencies because it has low fees and fast transactions.
