For more than 13 thousand ATMs in South Korea, it will be possible to cash out or send Litecoin the cryptocurrency. To do this, the startup entered into a partnership with MeconCash, which it announced on its official website.

It is specified that LTC will be integrated into the M. Pay platform. Thanks to this, coin holders will be able to make payments through ATMs, also buy products on the MeconMall platform, pay for online games, and more. As Litecoin Foundation Director Alan Austin noted, the partnership will help spread LTC in South Korea. Alan Austin mentioned:

“The ability to access cash via Litecoin in more than 13 thousand ATMs opens the door to new opportunities in the Korean market and around the world. Given that billions of money transfers pass through South Korea, Litecoin, thanks to its speed, security, and low transaction fees, offers significant advantages over traditional ways of sending money abroad.”

In January, a representative of the South Korean government said that the country plans to introduce a tax on transactions with cryptocurrency in the amount of 20%. If the expected changes are accepted, revenues from transactions with digital assets will be equated to winning the lottery.