In South Korean Beaches, You Can Now Pay Using Bitcoin

192
South Korea beaches (Courtesy: CNN)
South Korea beaches (Courtesy: CNN)

In South Korea, a company is launching a pilot project, which will help beachgoers to pay using Bitcoin to avail various services. This facility will be available on the busiest beaches in the country and will make it easy for tourists across the globe to make their transaction.

The project has been brought to the fore by Bitbeat-affiliate company CIC Enterprise. The firm partnered with card and cash payments provider Innotech for the token-powered payments solution in the Haeundae Beach System on the beaches of Busan in South Korea famous with tourists, according to a report in ZDNet Korea.

With the program in place, the beachgoers will be able to make their payment for water sports-related activities, life jackets, and even parasol rentals, among others with Bitcoin, Ethereum or MCI and WAY ERC20 tokens through a smartphone-based application.

Bitbet said that with the implementation of the project it will make payments easier for the tourists/locals on the beaches. It will take around 10 seconds by relying on the use of QR codes for any wallet in the world.

“We hope that the virtual currency used in the Haeundae-gu beach system will be more widely used in real life. We will try to provide a cryptocurrency payment environment,” the company said.

Busan authorities expect that on summer days, people will prefer to rent services within the Haeundae beaches, instead of bringing their own things to enjoy the time spent on the beaches.