(Photo provided by Danal)
The cryptocurrency Paycoin (PCI) payment area that can be used like cash is becoming more and more wider.
Danal Fintech, which leads 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, for a Paycoin payment service.
This alliance is related to paycoin payments at 5,400 E-Mart 24 stores nationwide and 200 CGV cinemas nationwide. Danal Fintech has expanded the daily payment area to four domestic convenience store brands by adding E-Mart 24 to payment-enabled convenience stores following the CU, 7-Eleven, and Mini-Stop convenience stores that are already actively making payments. In addition, through a partnership with CGV, a large multiplex movie theater, it has expanded the Paycoin payment area to the popular culture and arts area.
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.” “Customers with Paycoin can use it conveniently in a wider variety of areas.”
“In addition, it will serve as an opportunity to further solidify our position as a leader in virtual asset payment.” In the future, we will expand the PayCoin service not only for payment of virtual assets, but also to the commerce area such as exchange of various points and shopping. We will grow it as a platform,” he emphasized.
Meanwhile, Danal Fintech’s Paycoin has continued to rise in price and the daily trading volume of the exchange has exceeded Bitcoin and exceeded 5 trillion won. Currently, it has about 1.2 million app subscribers, and it is rapidly expanding its membership and service scale by opening new merchant payments one after another.
Paycoin users can pay with Paycoin at major convenience stores such as CU, 7-Eleven, and Ministop, as well as Domino’s Pizza, BBQ Chicken, Kyobo Bookstore and Hot Tracks, Golf Zone, Sweet Coffee, Mad for Garlic, etc. It can also be converted to SSG money and used in all Shinsegae affiliated stores such as Shinsegae Department Store, E-Mart, and Starbucks.