According to the report, the collaboration will integrate Litecoin into MeconCash’s M.Pay platform. This new service gives LTC holders access to quick cash. It also gives them the ability to send remittances to Korea from any part of the world.
Aside from payment, Litecoin (LTC) holders can also purchase products on MeconCash’s MeconMall and pay for mobile games that utilize M.Pay for rewards.
Litecoin Foundation assured the users of more fruitful and interesting partnership with MeconCash in the future.
The Chairman of MeconCash, Jo Jae Do said, “Through our partnership with Litecoin Foundation, we will grow the presence of Litecoin throughout the Korean market starting with the ATM withdrawal services. And with Litecoin Foundation as our partner, we are expecting to grow globally and see positive synergies in the upcoming future not only in the Korean market but also in the global market.”
The Creator of Litecoin and Managing Director of Litecoin Foundation, Charlie Lee said, “Litecoin’s integration into M.Pay’s platform and large network of ATM’s is a big step toward expanding Litecoin’s footprint in the South Korean market, and we are excited to partner with MeconCash as they continue to grow their platform and offer additional services through which Litecoin can be used.”
The Director at Litecoin Foundation, Alan Austin said, “The ability to access cash through Litecoin at over 13,000 ATMs opens the door to new opportunities within the Korean market and globally.
“With billions in remittances sent each year to South Korea, Litecoin (through its speed, security, and low transaction fees) offers significant advantages over traditional methods of sending money overseas through the M.Pay platform.
We look forward to our partnership with MeconCash as we continue to expand Litecoin adoption within the Korean market and around the world.”