There was fear in the mind of South Koreans about the future of bitcoin trading in their country during first quarter of the year. Regulations were imposed and nothing more than that was done.
Bithumb is the largest South Korean cryptocurrency exchange and it has partnered with the mobile payments system Pay's to provide the facility of buying cryptocurrencies on almost 6,000 outlets in South Korea. They are not going to limit only up to 6,000 outlets instead their plan is to include 8,000 more outlets at the end of year.
Cryptocurrency is considered an asset until now all over the world and not as a currency but with 200 franchise brand also signing the deal to accept cryptocurrency as payment through Pay's mobile payment system there will be no excuse for the South Korean to adopt the cryptocurrency as a payment system.
This an amazing step by Bithumb as this will change the thinking of most of the critics who still believe that it is not possible to use bitcoin as a payment system or bitcoin is just an asset whose price will fall down in the future.