Over 5M Merchants in Thailand to Accept Zcoin Payments

Asia Blockchain Review

August 27, 2019

Privacy-focused cryptocurrency Zcoin is now available for spending in Thailand at any merchant registered with the Thai QR code system through Satang App.

According to an announcement published by Zcoin on August 15th, over 50 million users of Satang App can now use Zcoin at local merchants both in-store and online by scanning a QR code. As reported by Cointelegraph, the system instantly settles transactions and allows merchants to be paid in Thai Baht via regulated exchange Satang Pro.

Zcoin Affirms Crypto Still Niche in Thailand 

Although the development is an important step in the mainstream adoption of digital currencies, Zcoin noted that the task of onboarding merchants remains an issue.

“One common problem with convincing merchants to accept cryptocurrencies is that they would need to deal with volatility, conversions and basic understanding of handling them for very little benefit as there may be only a handful of people who pay using cryptocurrencies,” the crypto developer said in its announcement.

Zcoin Donates as part of Binance Charity Foundation

As reported in late February, the Zcoin team and its major investors donated US$24,000 worth of cryptocurrency to support the students and school staff at the Jolly Mercy Learning Center in Kampala as part of Binance Charity Foundation’s blockchain-based lunch program in African schools.

Follow Asia Blockchain Review on:

About the author
Asia Blockchain Review

Gateway to Blockchain in Asia

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. We aim to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Related Article
South Korean Mobile Service Provider Unveils Blockchain OS
Union Mobile, a major mobile service provider in South Korea, has recently unveiled its blockchain o...

September 22, 2019

UK, US Top List of Most Crypto Exchanges by Country followed by Hong Kong and Singapore
Blockchain analytics platform Crystal has revealed a breakdown of the countries with the most regist...

September 22, 2019

Thai Oil Major PTT to Create Renewable Energy Blockchain Platform
Thai energy giant PTT has partnered with Energy Web Foundation to launch a blockchain-based platform...

September 22, 2019

Five Privacy Coins to be Delisted at OKEx South Korea
The South Korean branch of OKEx has announced it will be delisting privacy coins including Dash and ...

September 21, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us