Korean national television and popular news network recently featured Bitcoin entrepreneurs Simon Dixon and Roger Ver to demonstrate how bitcoin is used often to settle peer to peer transactions in Korea.
Since 2014, an increasing number of venture-backed bitcoin startups including Coinplug and Korbit have emerged, enabling Korean bitcoin users and traders to purchase and sell bitcoin with ease.
Korean bitcoin startups, specifically Coinplug have sponsored bitcoin meetups, conferences and events to increase mainstream bitcoin awareness in Korea. Due to these efforts, the number Korean bitcoin users have grown significantly over the past few years, as cafes, restaurants and apparel stores in Seoul and Pusan have begun to accept bitcoin.
Bitcoin entrepreneurs and investors including Simon Dixon and Roger Ver explained in an interview that they see a huge potential for bitcoin in the Korean market, based on the growing bitcoin industry and community in the country.
“It is a technology which changes everything in Finance,” explained BankToTheFuture CEO and co-founder Simon Dixon during an interview. “It acts as a currency because people can transfer value virtually free anywhere around the world. It also acts as