Fun

South Korean convenience store sells Bitcoin-themed 'meal boxes'

News Feed - 2024-05-09 05:05:34

Savannah Fortis20 minutes agoSouth Korean convenience store sells Bitcoin-themed "meal boxes"A convenience store in South Korea is offering Bitcoin meal boxes in collaboration with the local exchange Bithumb where customers can win small amounts of Bitcoin with their purchase.118 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksSouth Korean convenience store chain Emart24 revealed a new partnership with local cryptocurrency exchange Bithumb to introduce a new Bitcoin “meal box” available for purchase in-store. 


On May 9, Emart24 and Bithumb said there will be approximately 30,000 of the meal boxes, which will be available by the end of the month. Each box will sell at 5,900 Korean won (USD $4.30).


According to reports from local media, a representative from Bithumb said that customers could receive 10,000 won worth of Bitcoin (BTC) if they download the exchange’s app and enter the number of the coupon found in each meal box.


Additionally, Bithumb is offering 20,000 won worth of Bitcoin for customers who create a Bitcoin account with the NH Nonghyup bank. The spokesperson said that customers who already have an account must connect it to Bithumb to receive the additional Bitcoin.


Bithumb is one of South Korea’s leading cryptocurrency exchanges. It is a member of the Digital Asset Exchange Association (DAXA), along with Upbit, Coinone, Korbit and Gopax.


It also announced plans to become the first crypto exchange listed on the South Korean stock market, though its plans for an IPO have been delayed.


This Bitcoin meal box development follows continued hype over the cryptocurrency after the long-awaited halving event, which took place on April 20. 


Related:South Korean lawmakers traded almost $100 million of crypto in 3 years


The cryptocurrency hit a new all-time high in March, almost passing $74,000. Analysts are concluding that the current dip in price comes as Bitcoin bulls suffer “boredom” post-halving. 


Bitcoin gained momentum after the United States greenlit its first Bitcoin exchange-traded funds (ETFs) on Jan. 10. 


In South Korea, on May 7, news broke that the newly elected democratic party is promising to allow Bitcoin ETFs and that the party would be making the request after the opening of the National Assembly in June of this year.


However, over the last many years regulations in South Korea have been keeping a closer watch on the crypto space. This year legislators introduced tougher sentences for crypto-related crimes, along withnew guidelines for cryptocurrency exchanges.


Late last year, financial regulators in South Korea began asking crypto users in the country to report any unlicensed exchanges offering services in the region.


Magazine:South Korea’s unique and amazing crypto universe# Bitcoin# Adoption# South Korea# Bitcoin Lifestyle# BithumbAdd reaction

News Feed

OrdiZK bridge vanishes in alleged $1.4M rug pull: CertiK
Christopher Roark1 hour agoOrdiZK bridge vanishes in alleged $1.4M rug pull: CertiKThe team allegedly sold hundreds of millions of tokens into the market and then disappeared from social media.826 Total views5 Total shar
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrenc
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation In a move seen as an attempt to pacify protesting bank
Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move
Bitcoin Worth $282K from the 2016 Bitfinex Hack on the MoveThe cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A s
David Attlee13 hours agoFrankfurt Stock Exchange includes crypto trading facility in ‘Horizon 2026’ strategyDeutsche Börse, owner of the Frankfurt Stock Exchange, says it will accelerate the development of its block
Why is Solana (SOL) price up today?
Nancy Lubale3 hours agoWhy is Solana (SOL) price up today?Solana price is up today as investors’ excitement over a potential spot SOL ETF turns traders bullish on the altcoin.102606 Total views1169 Total sharesListen t
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for travelin
DeepMind AI hits silver-medal standard in International Mathematical Olympiad
Martin Young5 hours agoDeepMind AI hits silver-medal standard in International Mathematical OlympiadGoogle’s DeepMind says its AlphaProof and AlphaGeometry 2 AI models are breaking new ground in mathematical reasoning
Crypto Fear and Greed Index Hits ‘Greed’ for the First Time in 4 Months
Crypto Fear and Greed Index Hits "Greed" for the First Time in 4 Months On March 28, the Crypto Fear and Greed Index has jumped back to the “greed” position for the f
Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K
Federal Reserve"s Major Policy Shift to "Push Up Inflation" Could Send Bitcoin Price to $500KThe U.S. Federal Reserve has announced a significant policy change to push up inflation.
Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal
Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization a
New Wrapped Bitcoin Platform Allows You to Transact in BTC Using Tezos
New Wrapped Bitcoin Platform Allows You to Transact in BTC Using Tezos On April 8, the Bitcoin Association Switzerland (BAS) announced the launch of a new wrapped bitcoin project