Chances are that you have heard about 7-Eleven, the convenience store/restaurant franchise, present in countries from all around the world.
According to the latest reports, it seems like the South Korean bitcoin company known by the name of Coinplug is rolling out an interesting campaign in South Korea, meant to encourage more people to purchase Bitcoin. With this in mind, their service will allow customers to get pre-paid bitcoin cards, from over 24,000 convenience stores present throughout the country, including over 8,000 7-Eleven stores.
The company also noted that the okBitcard service will be present in other major store chains by the end of January, which is great news for those who are afraid of buying Bitcoin online, or aren’t fans of face-to-face bitcoin transactions, with strangers, and would rather use a clear system.
At this moment in time, customers can go ahead and request bitcoin, which they’ll receive on an online address, as the cards have not been printed yet. The company says that at the end of February, prepaid bitcoin cards with fiat values of roughly $10, $30 and $50 will be printed out and put on sale. In order to avoid any issues such as theft, and bitcoin’s volatile price, the cards can only be activated at POS terminals.
The idea behind the cards is to make bitcoin easier to buy for the average persons. If the campaign turns out to be successful, then chances are that it will be able to attract a large number of newcomers, interested in the technology.
There are also other companies in Asia doing the same thing, and it seems to be working out quite well. If things continue like this, then chances are that we’ll get to observe an exponential growth in the number of Asian bitcoin users.
Based on everything that has been outlined so far, what do you personally think about the Coinplug campaign? Let us know your thoughts in the comment section below.
If you liked this article, make sure to continue following Cryptomat for the latest news from the bitcoin market.