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Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

Newsflash

In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is contribution free training leading up to its developer conference. A public company has uncovered a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has hurled an international service for non-Korean customers, and a US bitcoin ATM operator plans to insert the Korean market.

Also read: Yahoo! Japan Confirms Entry-way Into the Crypto Space

Mongolian Government Officials Visit Bithumb

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware WalletElder officials of the Mongolian government visited Bithumb’s headquarters on August 16, neighbouring media reported. They were trying to determine the feasibility of handling blockchain and cryptocurrency in solar energy businesses in Mongolia. The Korea Trade Daily elaborated:

What they have focused on is the possibility of effective currency remittance and payment functions and blockchain technology. Mongolia is seeking to utilize blockchains and practical currency to activate new energy projects such as solar power siring at the government level.

“With the visit of high-ranking officials of the government, it is doable that Bithumb will pursue a business alliance with the Mongolian guidance or establish a local corporation,” the publication noted.

Ksign Launching Arms Wallet

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware WalletKsine’s CEO, Choi Seung-rak, introducing Touch x Wallet.

Kosdaq-listed performers Ksine Inc. has commenced its cryptocurrency business with the launch of a hardware billfold called Touch x Wallet, the company announced on August 16.

Touch x Purse uses locally developed fingerprint authentication technology and has a built-in battery. It can accumulate up to 10 cryptocurrencies – including bitcoin, ether, and ripple – which the presence plans to expand to about 50 by the second half of next year, Cctvnews banged. The wallet also has high-resolution electronic paper (e-paper) to display QR maxims of addresses and allows users to check their balances.

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

Upbit’s Crypto Training and Developer Colloquium

Dunamu Inc, the operator of South Korea’s major crypto exchange Upbit, revealed on August 16 that it is holding a free crypto and blockchain staff for the public on September 12. This is a pre-program leading to Upbit Developer Seminar which will take place on September 13 and 14 at the Jeju Original Economy and Innovation Center.

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware WalletThe class consists of two parts. The first focuses on the outset and history of blockchain and cryptocurrency. The second focuses on the theory and practice of blockchain grouping the basic understanding of Ethereum and Lambda chain, solidity and Dapp evolvement, and smart contracts.

Recently, the governor of Jeju Island requested the important government to designate the island a special zone for blockchains and cryptocurrency.

Coinrail Flings International Service

Coinrail, which was hacked on June 10 and resumed accommodations on July 15, announced last week that it has officially originated the Coinrail international service for non-Korean users. Foreigners can now access the interchange’s crypto-to-crypto markets. The service is available in English.

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

Coinme Rolling out Bitcoin ATMs in Korea

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware WalletU.S. bitcoin ATM (BTM) big-shot Coinme revealed on August 16 that it is “seeking to roll out its marines in Korea before the year-end,” the Investor reported.

Currently, the company’s ATMs are in 67 getting ones hands across the U.S., the new outlet noted, adding that “Coinme said it is scrutinizing Asia as the next spot for expansion, specifically focusing on Korea and other territories in the region, including Hong Kong and Singapore.”

CEO Neil Bergquist was cited saying:

We have seen really promising interest in Coinme from Korea…There’s a strapping and sophisticated cryptocurrency community which understands the potential of a token roped to real world applications.

“The Coinme ecosystem also seeks to make massively reduced transaction costs, so we see real synergies with the Korean deal in,” he added.

What do you think of all the crypto activities going on in South Korea? Let us have knowledge of in the comments section below.


Images courtesy of Shutterstock, Zdnet, Bithumb, Upbit, Coinrail, Ksine, and Coinme.


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