Categories: CryptoNews

Bithumb Aims to Bring P2P Cryptocurrency Payments to Social Media

Bithumb is a powerful cryptocurrency entity in South Korea as of right now. The company has made a lot of positive headlines, and they will continue to expand their reach as well. A new venture has been announced which involves a P2P payment platform for social media. It’s an interesting concept well worth paying attention to.

Bithumb Continues to Evolve

Getting cryptocurrencies into the hands of more people will always be a big challenge. This is the case in part because so many people hold ill will toward cryptocurrencies. Addressing that situation requires innovative measures by industry-leading companies. Bithumb seemingly has the right idea, as their new venture sounds pretty appealing.

South Korean sources report that Bithumb plans to launch a peer-to-peer payments platform for social media. This venture will seemingly relate to both social networks as well as blogs, which should get a lot more people excited about Bitcoin and altcoins moving forward. We haven’t seen cryptocurrency make the best impact when it comes to social media.

In fact, most social media giants are taking an aggressive stance toward cryptocurrencies. Both Facebook and Twitter made this pretty clear by banning crypto-related advertisements on their platforms. Even so, there are still plenty of options left to explore, as companies such as Pinterest and Instagram are still open-minded as of right now. 

Related Post

With the new P2P payment platform, Bithumb is heading in an interesting direction. The South Korean company acknowledges cryptocurrencies need to continue making inroads, even though doing so will not be all that easy. How their new platform will try to tackle this area without getting banned in short order remains to be seen.

The company also announced another interesting piece of news. It appears Bithumb has signed a strategic partnership with Wincube. Although that company is not necessarily well-known outside of South Korea, they offer mobile vouchers from hundreds of brands. Bithumb will now help them sell these vouchers in exchange for cryptocurrency payments, which brings a new use case to Bitcoin and other currencies.

Whether or not either of these plans will bring more positive attention to cryptocurrency remains to be determined. It is certainly a positive development for the industry as a whole, although these efforts will most likely remain limited to South Korea for the time being. On an international level, we need more of these efforts, but they will not necessarily come about anytime soon.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top Secrets to Identifying the Best Crypto to Buy This Week Before It’s Too Late!

In a world where the digital economy is growing at lightning speed, the race to…

3 hours ago

NYC Entrepreneur Wins Big with BTC: BlockDAG Could Be Next

Mia Sanders, NYC Entrepreneur, Made Millions by Investing in BTC: Could BlockDAG Be Next for…

21 hours ago

Miami Artist Earns $5.2M with Solana: BlockDAG’s Future Prospects?

A Miami Artist's $5.2M Solana Success: Does BlockDAG Hold Equal Promises for 30,000x ROI? Success…

1 day ago

Chainlink And Aptos Investors Migrate To The Presale Of New Crypto Instant Funding Prop Firm FXGuys ($FXG)

Recent market trends show that the new DeFi coin, FXGuys ($FXG), has been the go-to…

1 day ago

Polkadot Price Prediction; Can XLM’s Rally Hold Strong as New Crypto Brings Passive Income? 

Curious about where the Polkadot price is headed? Or maybe you’re wondering if XLM’s rally…

1 day ago

Best Crypto Presale to Watch: Could This Be the Next 9000% Breakout Star?

Any investor can achieve outstanding profit by selecting the best crypto presale in the growing…

1 day ago