South Koreas largest cryptocurrency exchange Bithumb has partnered with BitPay to compete in the international remittance market, an executive announced March 13.
Cross-border payments between Korea and the West will be a $200 bln industry this year an clients paying bank wires, FX fees around 4% and it takes about four days. Using Bithumb and BitPay it is a 1% fee in one business day.
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