Bitcoin payments can be used in everyday life at CU GS25 Hollys Coffee Money Tree merchants.

Defi, a company specializing in Defi (CEO Sang-ho, Sang-ho), has started a payment service using bitcoin in partnership with the fintech company Galaxy Armor Tree.

Delio and Galaxy Mother Tree recently announced that they have signed a business agreement for bitcoin payment settlement and started bitcoin settlement through’MONEY TREE’, Galaxy Mother Tree’s digital asset exchange platform, from the 21st.

Galaxy Moneytree, a subsidiary of Hyosung, is a fintech company that provides electronic payment, O2O business, and life finance platform services. The platform’Money Tree’ has been leading the simple payment service industry by surpassing 3.5 million cumulative downloads and 2 million members since the service opened in February 2017.

Money Tree is a mobile life finance platform that can be conveniently used by collecting scattered points, gift certificates, and coupons, and converting them to’Money Tree Cash’. Money Tree Millet can be used like cash by collecting millet through various activities within Money Tree and converting fragmented points and virtual assets into millet.

The’Bitcoin Payment’ service released this time can be used by anyone who is a Delio and Money Tree subscriber, and when making payment, simply select’Bitcoin Payment’ in Money Tree and scan the barcode to make payment automatically. The price of bitcoin applied at this time is based on the BTC price of Bithumb Exchange.

In the case of overseas, PAYPAL, a global electronic payment service, announced the start of cryptocurrency payments in March, followed by Elon Musk’s Tesla, which also announced that it will support bitcoin payments.

Following that, as major U.S. companies such as Mastercard and Visa are also turning their eyes to cryptocurrency payment support services, there is a growing expectation that the commercialization of cryptocurrency payments will begin in earnest.

An official from Delrio said, “Payment using virtual assets such as bitcoin has the advantage of significantly reducing costs such as existing payments and card fees. As the payment method has quickly established itself, the bitcoin payment market is also expected to be able to establish itself as a new payment method in the near future by making up for the shortcomings.”

An official from Galaxy Armor Tree said, “The bitcoin payment service with Delio can be used at any time at major convenience stores, cafes, and dessert stores. I hope it will be an opportunity to do it.

FINTECHPOST

Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.