Per the latest Litecoins update, the Litecoins Foundation has recently joined hands with the MeconCash to enable fiat withdrawals at over 13000 ATMs in South Korea. 

Litecoin Foundation Partners with MeconCash

With the another recent partnership announcement in place, now Litecoins foundation is integrating LTC into its M.Pay platform of MeconCash. The process of integrating LTC into M.Pay will enable LTC enthusiasts in South Korea to withdraw Korean Won (KRW) at multiple ATMs in the region. The official announcement reveals that the platform beside easier access to cash also enables streamlined remittance service to Korean from overseas. 

Interestingly, LTC holders in South Korean can also enjoy several other services, including purchasing products on MeconCash’s MeconMall and enjoy mobile games which offer M.Pay as a reward. The Litecoins foundation in its official release further hints that there would be more interesting features with future collaboration between MeconCash and Litecoins Foundation. 

Vision Behind Latest Partnership

Concerning a similar note, Jo Jae Do, Chairman of MeconCash states that the partnership will pave the way for the greater adoption of LTC in the Korean market. 

“Through our partnership with Litecoin Foundation, we will grow the presence of Litecoin throughout the Korean market starting with the ATM withdrawal services. And with Litecoin Foundation as our partner, we are expecting to grow globally and see positive synergies in the upcoming future not only in the Korean market but also in the global market,”

Echoing the above note, Charlie Lee, creator of Litecoins and Managing Director of Litecoins Foundation expressed the excitement towards partnership. 

“Litecoin’s integration into M.Pay’s platform and large network of ATM’s is a big step toward expanding Litecoin’s footprint in the South Korean market, and we are excited to partner with MeconCash as they continue to grow their platform and offer additional services through which Litecoin can be used,” said Charlie Lee, creator of Litecoin and Managing Director of Litecoin Foundation.