News Bitcoin - Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This YearKorea, with a population of over 50 million, has a large remittance market. The most recent World Bank estimates show remittance inflows of $6.7 billion and outflows of more than $8.3 billion for Korea.
Korbit, the first bitcoin exchange in the country with 33,500 registered traders, is one of the top two exchanges by volume. Through its product called Hyphen, the company offers a service which helps businesses send payments to any bank account in 30 countries globally using bitcoin.
Bitcoin.com caught up with Tony Lyu, Korbit CEO, to discuss why Korea looks set for an explosive growth in Bitcoin adoption.
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https://news.bitcoin.com/south-korean-bitcoin-adoption-outpace-countries-year/
