SOUTH KOREA: THE LARGEST UNDERGROUND SHOPPING CENTER WILL PAY BITCOIN PAYMENTS IN ITS 620 SHOPS

Goto Mall, South Korea's largest underground shopping center, has partnered with a cryptocurrency trading platform to enable its 620 stores to accept Bitcoin payments. More than half a million people walk every day this center of nearly 900 meters long.

Goto Mall, the "Mecca of Bitcoin"?

Goto Mall logoThe largest underground shopping center in South Korea recently announced that it will soon be taking over Bitcoin payments. From the middle of December this year, customers will be able to pay for their purchases in digital currency from the center's 620 stores.

The Travel Vui travel guide explains:

"Goto Mall is the largest underground shopping center in Korea. It has very different shops, from clothing stores to florists, to signs dedicated to interior decoration, all at very affordable rates. "

Also known as the Gangnam Terminal Underground Shopping Center, Goto Mall is accessible from one of the largest Seoul metro stations, which connects lines 3, 7 and 9. According to the Kyeonggi newspaper, the center would welcome approximately 500,000 visitors a day, making it the largest underground shopping center in the country.

Goto Mall ShopsBy the rest, attendance at the center is expected to increase as a result of development work in the area in which it is located - renovations that should attract a larger clientele.

In addition, "about 30 bus routes" serve this area, as reported by the journal Bridge Economy. "When a new World Duty-Free opens next year in Gangnam-gu, [the richest district in Seoul], next year, it should attract a larger foreign clientele," he said. newspaper, adding that:

"Goto Mall should be transformed into 'Bitcoin Mecca'"

A partnership with HTS Coin

To enable its businesses to support Bitcoin payments, Goto Mall has formed a partnership with the HTS Coin exchange platform.

The platform, which opened last month, has developed an innovative payment system that allows consumers to easily pay for their cryptocurrency purchases.

According to Kyeonggi, the shopping center had already tried to add Bitcoin as a means of payment, so that it could be taken care of by the owners of its shops.

But the initiative had shortened to the extent that the latter "tended to lose their passwords, and could no longer use their corners," as the newspaper explained. It also states that shop owners will no longer face this problem once the HTS Coin payment system is installed.

Bitcoin will be offered among other payment methods, including payments in cash, credit cards or Alipay. Chung Gwi Yeon, CEO of Goto Mall, commented:

"I think that allowing Bitcoin payments is a real breakthrough, as it is prized by foreigners and young people who go to Goto Mall."

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