According to local news media reported on March 7, Bitthumb announced its plans to provide self-service payment terminals to restaurants and cafes, so that customers can use their existing Bithumb cryptocurrency to pay.
In order to help small businesses use Bithunmb's products, the rental fee for Touch B terminals will be lower than the mainstream price.
The terminal brand called “Touch B” is the result of the cooperation between Bithumb and terminal manufacturers Unos Space, Tros Systems and IYU in February. It aims to “specialize in small businesses such as food and beverage outlets, eateries and The coffee shop offers optimized terminal services."
According to another media report, there are three kinds of service terminals launched by Bithumb. Two of them were named Touchpad and Touchbone in the report. Devices based on these two services allow merchants to choose size and card specifications. To help small businesses use Bithunmb's products, the rental fee for Touch B terminals will be 10% lower than the mainstream price.
The third service is called Bithumb Cache, which is a password payment settlement service. Bithumb customers can use their funds by entering a password at a terminal, thereby enabling “a synergy effect between the food business and the currency exchange business”.
According to a statement by Bitthumb
“Providing affordable and low-cost leasing services for small business owners is a meaningful task. We will continue to work in various industries based on blockchain technology and will continue to seize the opportunity to partner with us. Small businesses provide comprehensive solutions."
According to the statistics of the data website, Bithumb ranks the 5th in the world in terms of transaction volume within 24 hours, and the transaction volume was approximately 7.32 million US dollars as of the date of the press release.
Some media sources recently stated that Bithumb’s statement may actually “promote Korea to accept cryptocurrencies”.