The South Korean online hotel booking service Yeogi Eottae will soon begin to accept cryptocurrency as payment. This became possible after the start of the partnership between Yeogi Eottae and the largest South Korean cryptocurrency exchange Bithumb.
According to Bithumb, this partnership will allow South Korea to get closer to Japan and the United States, where cryptocurrency assets are almost universally used to pay for goods and services.
“Through the formation of a strategic partnership between Bithumb and South Korea’s largest hotel booking platform Yeogi Eottae, South Korea will now be able to follow the global trend of utilizing cryptocurrencies as a proper payment method. Bithumb and Yeogi Eottae are discussing ways to efficiently process cryptocurrency transactions to ensure that spending cryptocurrencies is as easy as spending fiat money or cash”.
Yeogi Eottae is one of the largest companies in the country specializing in providing online hotel booking services. Cooperation with Bithumb will most likely allow the service to use all the cryptocurrencies that are available on the exchange.