Paycoin (PCI) surged 25% to $0.16 today, bolstering an 87.5% gain over the past week. The rally follows Bithumb’s announcement to list Paycoin on its KRW market starting July 15, 2024, enhancing liquidity.
Paycoin’s unique platform allows users to utilize digital assets for real-world products and services, benefiting merchants with fast settlements and lower fees. Over 100,000 merchants, including Domino’s and 7-Eleven, are onboard since its 2019 launch in South Korea.
Additionally, the South Korean government’s consideration to delay crypto tax implementation by three years adds to the positive momentum. This tax relief could further boost market liquidity, benefiting cryptocurrencies like Paycoin.
These developments underline Paycoin’s strategic importance in the growing digital payment landscape, especially in a major crypto market like South Korea.
