Tuesday, August 20, 2019

South Korean Crypto Exchange Bithumb To Stock Crypto Kiosks at Restaurants

Bithumb is a crypto exchange based in South Korea which is currently ranked fifth globally by trading volume over a 24-hour period, with a trading volume of around $732 million. They have recently publicized their plans of supplying kiosks to restaurants and cafes giving customers the option to pay for their food orders with their Bithumb crypto outlet.

The kiosk brand called Touch B is the outcome of the partnership which took place this February between Bithumb and kiosk manufacturers Unos Space, Tros Systems and IYU. The goal for this partnership is to “supply kiosks optimized for small businesses that operate food and beverage franchises, small restaurants, and cafes.”

Local news outlet Zdnet has reported that Bithumb has launched three services; two (Touchpad and Touchbone)  will be catering to business owners based on their size and card requirements. Cost of rental for Touch B kiosks will be 10% less than the going rate in order to help small businesses afford the products and services.

Bithumb Cache, the third of the three services would be a password settlement service which will enable Bithumb clients to convert their funds to make them usable at the kiosk, using their passwords.

In a related article, the same company is offering services to the hotel and accommodation industry.

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