Paycoin (PCI), a cryptocurrency specialized for real-life payment, can now be used at convenience store E-Mart 24 and multiplex movie theater CGV.
Danal Fintech, a subsidiary of Danal, a comprehensive payment business company, announced on the 18th that it has signed a payment service alliance agreement with Shinsegae Group E-Mart 24 and CJ Group CGV.
Danal Fintech, which is leading the commercialization of virtual asset payment in Korea, announced on the 18th that it has signed a partnership agreement with Shinsegae Group’s convenience store E-Mart 24 and CJ Group’s multiplex movie theater CGV, respectively.
Through this alliance, PayCoin payments are possible at 5,400 E-Mart 24 stores nationwide and 200 CGV movie theaters nationwide. E-Mart 24 plans to introduce PayCoin payment services from the end of March and CJ CGV from the end of April.
Paycoin can be used in all four domestic convenience store brands, including CU, 7-Eleven, and Mini-Stop convenience stores, with payment support for E-Mart 24. In addition, through a partnership with CGV, a large multiplex movie theater, the payment area has been expanded to the area of popular culture and art.
In addition, PayCoin can also be used in Domino’s Pizza, BBQ Chicken, Kyobo Bookstore and Hot Tracks, Golf Zone, Sweet Coffee, Mad for Garlic, etc. In addition, it can be converted to SSG money and used in all Shinsegae affiliated stores such as Shinsegae Department Store, E-Mart, and Starbucks.
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Paycoin currently has about 1.2 million app subscribers.
An official from Danal Fintech said, “Through this partnership with E-Mart 24 and CJ CGV, we are one step closer to the complete Paycoin payment network.” We will expand to the area and grow into a cryptocurrency-based platform.”