Introducing New Services, BTC Payment and Paycoin Shopping
Paycoin is launching 2 new services in the Paycoin App — BTC payment and Paycoin Shopping.
With these new features, users can now use Bitcoin(BTC) just like cash within Paycoin’s ecosystem, and will be able to enjoy a brand new shopping experience.
The BTC payment in the Paycoin app is built on top of the enterprise level wallet solution provided by the Henesis Wallet.
The way it works is simple. Users first have to generate or create a BTC wallet in the Paycoin app. Once it is completed, users will need to send BTC they hold to the wallet they have just created. Once they have their BTC in the Paycoin app, all they have to do is to swap it with Paycoin(PCI) and they will be able to use it just like cash in more than 70,000 Paycoin’s merchants.
Paycoin Shopping is an in-app shopping mall that provides lowest price and high PCI reward to our users. The followings are some of the features that we support.
- Lowest price! We give out the best rewards to our users in PCI.
- Various payment options! Users can choose Paycoin(PCI), credit card, or mobile payment
- Various shopping options from electronics, F&B to fashion and more!
Please note that the features above applies only to the Korean version at the moment. These features are expected to be applied to the Global version soon.
What is Paycoin?
Paycoin is a blockchain project that is providing the virtual asset based payment service. As a subsidiary of “Danal” — an integrated payment solution provider — Danal Fintech provides virtual asset payment services based on Paycoin blockchain, which reduces the intermediaries in the existing payment process, enabling lower transaction fees and faster settlement cycles to merchants, and a safe and convenient payment environment to users. Paycoin is the first virtual asset that is being commercialized as payment in Korea, and they aim to lead this new payment market and drive adoption for the service.
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