Coinplug to Roll Out World's Biggest Convenience Store Bitcoin Scheme
Coinplug wishes to clarify to Korean readers that, while users can request to buy bitcoins over-the-counter at 7-11 stores now, the physical okBitcards will be available from the end of February. South Korean bitcoin services company Coinplug is rolling out a pre-paid bitcoin purchasing service to around 24,000 convenience stores across the country, with 8,000 7-Eleven stores already participating. The company says its 'okBitcard' service will be on sale in other major chains by the end of January. With those numbers, it will be the most widespread distribution of its kind in the world to....
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[Update: We received more information on this story from two CoinTelegraph sources in the Bitcoin space who asked not to be named. One visited several 7-Eleven stores in Seoul and reported that he could not find the OKBitCard and that staff did not know what it was. The other source works for Coinplug and verified that it is possible to buy bitcoins through a pin code in the form of a receipt in every Korean 7-Eleven store. He said the cashiers will be trained on the procedure over time, and that eventually Coinplug will issue and distribute the actual cards. At this time, we have yet to....
South Korean bitcoin services company Coinplug has enabled bitcoin purchases with credit cards through over 7,000 regular cashpoint ATMs across the country. As well as being the first to sell bitcoins through ATMs not specifically designed for that purpose, it will be the first credit card to bitcoin service in the country. The move, which allows customers to pay for Coinplug's prepaid okBitcard service, will make bitcoin available in many of South Korea's highest-traffic locations, including subway stations, convenience stores and busy city streets. Building infrastructure. The new....
By the middle of this year, Australians will be able to pay with crypto at service stations and convenience stores in South Australia, as private enterprises warily embrace digital currency payments. According to The Australian, On The Run (OTR), a prominent convenience store chain, will soon permit payment in Bitcoin and other digital currencies to […]
A new company in Taiwan called Maicoin announced its plans to let customers buy bitcoin in 10,000 convenience stores in the country. According to its founder and CEO Alex Liu, this could benefit foreign workers who are using bitcoin for remittances. To do so, customers need to create a Maicoin account using the mobile app or web-based wallet. They can place an order to buy bitcoin through these and pay in cash at the counter of the convenience store to complete the transaction. Purchases can also be done through regular bank ATMs from their personal accounts and fund transfers. Buy Bitcoin....
South Korean bitcoin exchange Coinplug has some big plans ahead. The company is distributing pre-paid bitcoin gift cards to about 24,000 convenience stores across the country. Thus far, about 8,000 of those stores are part of the 7-11 franchise, and other major chains are slated to be selling the cards by the end of the month. The company confirmed in a Reddit post: "We are in the process of distributing the cards to convenient stores." Coinplug's Richard Yun talks a little about how the process works: "When users redeem okBitcards, they automatically get an instant wallet. It's good for....