TRON Signs New Partnership to Include TRX, JST into 13,000 ATMs Across South Korea

newslogical.com 2020-07-14 09:20
Reading time: ~2 m

MeconCash, a crypto payment service company in South Korea, is set to integrate TRX and JST into about 13,000 ATMs across South Korea, NewsLogical can confirm.

The TRON network in a recent development signed the partnership deal with MeconCash to ensure the exchange of TRX and JST with Korean Won across the country.

The collaboration is expected to be bring TRON’s TRX closer to tourists by enabling them to visit South Korea without carrying large amounts of cash, however, they can hold with them some TRX and JST token in exchange for Korean Won.

MeconCash is a South Korean cryptocurrency payment platform providing both online and mobile services across the Nation.

MeconCash is currently expanding its services into other areas that include game application, hospital payments and the biggest provider of ATMs.

On the partnership, the MeconCash Chairman, Jae Do Cho, expressed that MeconCash is pleased to partner with the TRON foundation to expand its presence in the cryptocurrency sphere. He emphasized that both companies would work hand-in-hand to grow together and make the world a better place.

Also, the founder of TRON, Justin Sun, said TRON is also delighted to partner with MeconCash, stressing that the partnership denotes the rise of crypto payments systems and that the objective of the collaboration is to bring easy and convenient payment methods to regular people.

The integration of TRX and JST into the South Korean ATMs would ensure that users don’t have to go through the stress of selling their holdings on an exchange or withdraw cash from banks as it will enable users to make cash withdrawals in Korean Won.

MeconCash Partners Verge (XVG)

In a similar development earlier, Newslogical reported that the privacy-oriented cryptocurrency Verge (XVG)collaborated with MeconCash, and XVG was also granted the similar integration into 13,000 ATMs across South Korea.

According to the report, the partnership will provide the easy withdrawal of XVG at ATM points across South Korea for users of Verge cryptocurrency with the help of their phones

In the statement by MeconCash, it was explained that users phone becomes their ATM cards. This is achieved by leveraging of the M.Pay platform, which would allows South Korean XVG users withdraw their assets in Korean Won via 13,000 Automated Teller Machines across the Nation.

However, XVG users will also be opened to other MeconCash services like online shopping platform called MeconMall where XVG users can shop and pay with their XVG token.