Litecoin will be available at 13 thousand ATMs in South Korea

A partnership between the Litecoin Foundation and MeconCash was announced.

South Koreas ATMs will be equipped with Litecoin cryptocurrency. Users of the M.Pay platform have the option of withdrawing coins to fiat or sending them to South Korea from abroad. Fiat manipulation deducts 1% of the amount. Currency holders can pay for goods, applications, games and make payments. You can purchase products on the MeconMall website. The coins will be sold according to the real exchange rate.

Charlie Lee, the leader of the company, predicts an active spread of LTC in South Korea. Such a cryptocurrency has existed for eight years, and during this time, many transactions were carried out in the amount of $ 500 billion. User confidence is due to the optimal commission for services and the speed of operations. Increasingly, Litecoin is preferred over other payment systems.

Litecoin is intensively developing its infrastructure. The South Korean government intends to impose a tax on coin manipulation. It is expected that its size will be 20%. With the introduction of this change, income from operations with coins will be ghostly. It is predicted that the chance of profit from such deals will be equal to winning the lottery.