Bithumb launches a payment platform for social networks SNS Pay

One of South Korea’s largest cryptocurrency exchanges Bithumb launches P2P payment platform SNS Pay and adds to the listing 12500 kinds of mobile vouchers from 600 brands are also available for cryptocurrencies.

According to the developers, payment platform designed to optimize social networking, including platforms and blogs.

«SNS Pay is a service that combines support for exchange, billing, and marketing products that are registered in social networks. In particular, we implement the system, which allows to make payments using the same GUI (UI/UX) and social networks,» – said the representative of the Bithumb.

Bithumb also explained that customers can use the platform to buy goods popular in social networks without having to search them in online stores.

SNS Pay is positioned as a service that can improve conversion rate, increase the convenience of payments and lower transaction costs of the people of South Korea, which is ranked among the countries with the highest percentage of active users of social networks – 84%.

Bithumb recently announced a partnership with Korean service Wincube Marketing offering coupons. In the framework of this partnership Bithumb will sell 12500 kinds of mobile vouchers from 600 brands through gift certificates.

According to representatives of the crypto currency exchange, customers will be able to buy gift certificates and gifts for the Korean won and 15 available at bitcoin exchange.

«Crypto-currencies beyond the concept of «investment mechanism». Now they function as real money,» – concluded the representative Bithumb.

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