Coinplug Enables Bitcoin Buying at Over 7,000 Regular ATMs
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....
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South Korea is the latest country to introduce its first bitcoin ATM. Not only is the machine produced locally by a home-grown company, it is also two-way, meaning users can also sell bitcoins and withdraw cash. The machine, which officially began operating yesterday, sits in the Coffee Sedona cafe in one of Seoul's largest shopping malls, the Coex Mall which is also close to the Coex Intercontinental Hotel and a casino in the city's world famous Gangnam district. For those wanting to buy bitcoins, it accepts cash and credit cards (note: the card slot on the machine is a dummy slot,....
South Korean-based bitcoin services company Coinplug has reportedly raised $400,000, according to CoinDesk. The news comes from an announcement made this week, in which VC firm DFJ Partners contributed the capital along with investor Chol Hwan Kim. This investment is an addition to a $400,000 investment received last year in November. The company's own Richard Yun states that Coinplug is planning to use the funds to bring in more engineering folks to develop their payment products quicker. CoinDesk notes that Coinplug is also planning to release an English language version of their....
Coinplug, the South Korea and Silicon Valley based bitcoin company has recently closed its Series B fundraising round. The company has managed to raise $5 million in investment from a group of investment firms led by SBI Investment. According to reports, with the latest investment Coinplug has so far raised a total of $8.3 million in funding. The company is one of the leading bitcoin services providers in South Korea. Coinplug specializes in bitcoin exchange platforms like bitcoin exchange marketplace, wallet services, Point of Sale (POS) applications and more. Along with APIs for its....
Despite the government’s friendly regulations towards both Bitcoin startups and services the Japanese Bitcoin infrastructure remains imperfect in comparison to other East Asian countries, including South Korea and Taiwan. In early 2015, Bitcoin investors and startups were confident that the Japanese Bitcoin industry would establish a solid infrastructure for digital currency users to cash in and out through low-cost and efficient applications. How is it in other Asian countries? Countries in Asia such as the Philippines, South Korea, and Taiwan have Bitcoin payment service providers,....
It will be up to the specific ATM operator to decide whether they want to incorporate the service making it unlikely all 175,000 of Hyosung’s ATMs will actually support BTC buying. Hyosung America has signed a partnership deal with cash-to-crypto provider DigitalMint that enables Bitcoin (BTC) purchasing across the firm’s 175,000 ATMs located in the U.S. Apart from offering its own BTC and Litecoin (LTC) payment rails such as ATMs, bank wires and tellers, DigitalMint also provides software API integrations that allow retailers or ATM operators to sell BTC through their machines. As part of....