One of the largest chains of convenience stores in South Korea, CU will allow its customers to pay off assets on the blockchain, according to the local edition of Blockmedia.
According to the publication, for this the shops will use the mobile payment service CHAI, developed on the basis of the Terra blockchain platform. The asset offered to customers will be presented in the form of stablecoin tied to the Korean won. None of the other cryptocurrencies are currently being announced.
“We are pleased to provide a simple billing service for BGF Retail’s CU operator, serving 13,500 locations across the country” – said Chiang Jun CEO of Chai Corporation. “This will bring the benefits for customers to the maximum level.”
Chai and Terra signed a cooperation agreement this June to develop blockchain payments on the network to the real world. Terra has received the support of investors such as Polychain, Huobi, OKEx, Dunamu, Binance and Arrington XRP Capital.
Earlier it became known that South Korea will continue to take a cautious approach to the issue of cryptocurrency regulation.