Epay And Bithumb Announced A Partnership

Bithumb - the most popular cryptoexchanger in South Korea and one of the largest exchangers in terms of trading volume in the world - announced a partnership with the international payment system Epay. Against the background of the fact that PayPal raised the commission for transactions, the activisation of Epay speaks about the formation of a full-fledged alternative and toughening of competition among payment systems.

At the same time, Epay announced the opening of branches in Europe in addition to the existing network in the US and the expansion of cooperation with crypto-exchangers, mainly working with Bitcoin. In addition to Bithumb, Epay's partners are kCoin, Coinroom, Eobot, WEX, OTC789 and Coinnice with a combined average daily turnover of over $ 10 billion.

Epay offers a simple and convenient Bitcoin transaction processing procedure, as well as 24x7 technical support in the language of the jurisdiction where the branch opens. Despite the global scale of business, Epay's head office remains in China and plans for its transfer were not announced.

According to Epay, in May 2018, the payment system services are used by more than 1.2 million customers in 200 countries.

Bithumb And UPbit Are Blocking User Accounts

The largest South Korean crypto-exchangers-Bithumb and UPbit-joined the FATF initiative to counteract the legalization of criminal proceeds and since May 28 they have stopped servicing the citizens of 11 states that are named "accomplices of terrorists" in the NCCT Initiative. This list is headed by North Korea, Iran, Iraq and Sri Lanka.

As follows from the statement of exchangers, user accounts will be blocked on June 21. After that, Bithumb and UPbit will introduce additional verification requirements via a mobile phone.

Commenting on this event, experts in the crypto-industry have suggested that the next step in Asian exchangers may be delisting of Montero, Zcash and Dash, to which Japan is calling.