Virtual asset payments now available at all four major convenience store chains in the country.
Paycoin, a virtual asset-based payment platform, has launched its payment service at 7-Eleven, one of South Korea’s leading convenience store brands. With this addition, Paycoin app payments are now accepted at all four major chains: 7-Eleven, Emart24, CU, and GS25.
Convenience stores are a key part of daily life in Korea, with approximately 54,800 franchise locations nationwide and annual sales of about 28.5 trillion won, about $19.8 billion, according to the National Data Office. The ability to pay with virtual assets at these widely used outlets underscores the significance of this launch.
Payments are processed through the Paycoin app. When a user requests payment, virtual assets are converted in real time via a linked exchange, and the amount is withdrawn from a real-name account. Supported payment options include Paycoin (PCI), Bitcoin (BTC), and Ethereum (ETH), offering flexibility for users. The system works similarly to existing easy payment platforms, avoiding complex procedures.
“By expanding our payment network to the four major convenience store chains, virtual asset payments have entered the stage of real-world usage,” said a Paycoin representative. “We will continue to grow this infrastructure across everyday services such as dining, culture, and leisure, and drive structural change in the domestic payment market by linking with stablecoin-based platforms.”
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