BGF Retail has forged a partnership with Danal, Inc. to introduce Paycoin, a cryptocurrency payment service, to CU convenience stores nationwide.
CU announced on March 3 that it has introduced the Paycoin service to enhance convenience for customers and reduce commission fee burdens on merchants.
Paycoin's commission is only 1 percent, half of that for a regular credit card.
Paycoin payment service is a cryptocurrency payment service based on blockchain technology and uses cryptocurrency Paycoin (currency unit: PCI). Anyone can use the service by becoming a member of Pay Protocol Wallet, a cryptocurrency payment application.
A user needs only to scan a barcode of Pay Protocol Wallet and the price of a product will be converted to Paycoin according to the Paycoin exchange rate at the time of payment.