Bitcoin ATMs set to be released in South Korea from Bithumb

Bithumb are working on bringing Bitcoin ATMs to South Korea.
Recent partnership announcement with travel website to accept cryptocurrencies.

Ken Chigbo Independent Analyst

It is being reported by local press ZDNet Korea, that one of the largest crypto exchanges in South Korea, Bithumb, is reported to be exploring bringing ATMs to the country.

Looking at further details from ZDNet Korea, they say that Bithumb will be launching a new brand, still part of its business, which will be named Touch B, this will be specifically for its Bitcoin ATMs.

Bithumb as an organization continue to expand and explore other areas of business. It was also recently reported that they formed a partnership with South Korea’s largest accommodation app, Good Choice. The reasoning behind this was to expand in payment methods, for the travel website to accept several cryptocurrencies as means of payment.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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