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Verge (XVG) Now Receivable Via 13,000 ATMs in South Korea


newslogical.com 2020-05-23 21:00
Reading time: ~2 m

Privacy oriented cryptocurrency Verge (XVG) has just been handed a major adoption in South Korea after an announcement that locals in the country can now withdraw the cryptocurrency via 13 thousand Automated Teller Machines (ATM).

This was achieved through a partnership deal Vergecurrency signed with MeconCash, a South Korea-based payment company that also reward users for using its gaming services.

By integrating XVG token into the MeconCash’s M.Pay platform, users of Verge currency can easily withdraw XVG at ATM points in South Korea using their phone, a video by MeconCash confirms.

MeconCash said by leveraging the M.Pay platform, users’ phone become their ATM cards. The payment company further said M.Pay now let Vergecurrency users withdraw their XVG assets in South Korean Won via 13 thousand ATMs.

Aside from withdrawal via ATMs, users of XVG are granted more benefits via MeconCash. The South Korean company has an online shopping platform known as MeconMall where users can also pay with their XVG token.

Verge Partnered MeconCash

Yesterday May 21, a Verge Core member Alex, declared in a press release that Vergecurrency has collaborated with the Korean payment giant MeconCash.

The partnership allows users of XVG in Korea to withdraw their assets via ATM in the country. Via the alliance, Verge can also be used for remittance & exchange services in Korea.

MeconCash is part of the K300 companies in Korea. The payment company has a gaming platform where XVG can also be used for making payments.

Before now, MeconCash had partnered Litecoin to offer users of LTC the same service in South Korea.


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