Cryptocurrency

Pack Your Bitcoin: Busy South Korean Beach Says ‘Yes’ to Crypto


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Haeundae Beach. Source: Adobe/panyaphotograph

Holidaymakers at Haeundae, South Korea’s busiest and hottest seashore, will have the ability to pay for companies reminiscent of solar umbrella and inflatable tube leases in bitcoin (BTC), ethereum (ETH) and different tokens subsequent month.

Haeundae Beach, in South Korea’s second metropolis Busan, is a 1.5 km-long, 30-50m extensive stretch of sand that draws tons of of hundreds of tourists a day in the course of the peak summer time months of July and August.

And per media outlet Fintech Post, Busan metropolis authorities have teamed up with CIC Enterprise, an arm of blockchain agency Bitbeat, in addition to Innotech, a agency that at present gives cost infrastructure to the town’s seashores.

Under the phrases of the deal, seashore authorities of each Haeundae and close by rival hotspot Songjeong Beach – a preferred close by vacation spot for surfers – will permit sunbathers, swimmers and watersport followers to pay in fiat utilizing debit or bank cards, or use BTC, ETH or the musiconomi (MCI) and WAY tokens.

As a part of coronavirus-fighting contact-free drives, crypto fanatics will have the ability to pay for his or her seashore holidays in BTC, ETH and the remainder on-line earlier than they even depart the home – selecting up their parasols, dinghies and the like once they arrive.

Busan mentioned that the venture will function from August 1 till the tip of the summer time season, however could possibly be adopted up subsequent 12 months with a wider blockchain-powered cost system at seashores everywhere in the metropolis.
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