[테크월드뉴스=방제일 기자] Recently, as the price of Paycoin, a blockchain service of Danal, surged due to the news of supporting bitcoin payment, interest in payment services based on blockchain is increasing. In a situation where the liquidity of the cryptocurrency market is rapidly increasing, such as the bitcoin price recording a sharp rise every day, the trend is expected to increase further thanks to the good news of cryptocurrency payment support.
Paycoin has secured more than 60,000 affiliated stores since its launch, and the expectation that cryptocurrency payment services can be commercially commercialized in Korea is the reason for this surge.
Looking at overseas news, the news of support for cryptocurrency payments from PayPal, a global electronic payment service, is an example of a surge in Bitcoin. In addition, the news that Elon Musk’s Tesla supports bitcoin payments, and major U.S. companies such as Mastercard and Visa are turning their eyes to support cryptocurrency payments.
In Japan, Naver Line’s blockchain project LINK has announced the support of cryptocurrency incorporating Line Pay. LinePay currently ranks first in the payment market in Japan, and expectations for commercialization in the Japanese market are gradually increasing.
In addition, it is developing cryptocurrency payment services in the Southeast Asian market as well. In major countries in Southeast Asia, in particular, there are reports that the digital payment market will grow at an ultra-fast pace and expand to 135 trillion won this year.
The Velo Protocol is a project directly operated by a CP group called Samsung Group in Thailand, and was created in collaboration with Stellar Lumen, which was recently approved by the US Monetary Authority. It is expected to be supported by 7-Eleven affiliated within the CP Group, large banks, and financial institutions, and is expanding alliance remittance destinations to Asia Digital Bank in China and SEBA Bank in Switzerland. Hanwha Investment & Securities, which has recently shown a lot of interest in blockchain services, also announced that it is participating in Series A with an investment amount of 36 billion won.
The advantages of payment through cryptocurrency are high discount rates, low fees, and security safety. Cryptocurrency transactions do not require a complex settlement process in the middle, so costs such as existing payments and credit card company fees can be significantly reduced. As a result, the benefit is returned to the customer as well, so an ecosystem structure that enables win-win is established. In particular, cryptocurrency is most useful for international remittances, so it relieves the burden of existing high overseas remittance fees.
The cryptocurrency payment market is still in its infancy, but since the inconvenient past payment methods have been reborn as simple payment methods through rapid development, cryptocurrency payments can take advantage of low fees and good benefits to establish themselves as future payment methods. There is attention is attracting attention.