In a press release, TRON revealed its partnership with the crypto payment company MeconCash. The partnership will enable MeconCash to distribute the TRX token and the JST stablecoin to 13,000 ATMs across South Korea. Users can then withdraw their funds in fiat cash.
TRON brings benefits to South Korean users
MeconCash is a platform for payment, reward and transaction solutions related to cryptocurrencies, online and mobile services. It is currently being integrated with other services such as ATMs, gaming applications, payment of hospital costs, among others.
In this sense, the partnership with TRON will allow users to access various advantages. The statement said that tourists visiting South Korea will have quick access to their money without having to "go through the trouble of an exchange". In addition, they will be able to avoid the restrictions imposed on tourists for undeclared cash amounts.
In addition, users can use their money to pay at merchants that do not accept electronic peer-to-peer payments. The association also offers its users associated costs lower than those of a credit or debit card. TRON CEO Justin Sun said:
TRON is delighted to start working with MeconCash, the rise of cryptographic payment systems is already here and our mission is to help ordinary people access this convenient and simple payment method in their daily lives.
On the other hand, the president of MeconCash, Jae Do Cho, said that he was honored by the partnership with TRON and the expansion they bring to the ecosystem. Cho added:
Together we will work together to make the world a better place and grow together.
JST is the stablecoin recently introduced by TRON and is part of TRON's decentralized lending platform , JUST. Stablecoin is linked to the US dollar in a 1: 1 ratio and was a success when first sold on LaunchBase, after running out in 5 minutes.
