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Coinplug enables Bitcoin purchases with credit cards

Wednesday 4 March 2015 08:59 CET | News

South Korean Bitcoin services company Coinplug has enabled Bitcoin purchases with credit cards.

The move, which allows customers to pay for Coinplug’s prepaid okBitcard service, will make Bitcoin available in many of South Korea’s highest-traffic locations, including subway stations, convenience stores and city streets.

The new service was made possible through a deal with Korean ATM manufacturer Nautilus Hyosung, a Korea-based ATM hardware producer.

To use the system, customers select ‘okBitcard’ from the ATM’s greeting screen, enter a phone number and date of birth for identification, insert a credit card and print a paper receipt. The receipt includes a PIN code that can then be redeemed for bitcoin value via Coinplug’s smartphone app or the okBitcard website.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, Coinplug, credit cards
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3