CU Introduces Paycoin Payment Service

[Asia Economy Reporter Lim Hye-seon] BGF Retail announced on the 3rd that it has signed a business agreement with Danal, an integrated payment business specialist company, and will introduce the Paycoin payment service nationwide at CU stores starting this month.

The Paycoin payment service is a cryptocurrency payment service based on blockchain technology, using the cryptocurrency Paycoin (currency unit PCI) of the same name. Anyone can use it by signing up for the cryptocurrency payment specialized app, ‘Pay Protocol Wallet’.

At the time of payment, scanning the barcode of the ‘Pay Protocol Wallet’ converts the product price into Paycoin according to the Paycoin exchange rate at the time of payment, and the amount is deducted.

CU introduced the Paycoin payment service to diversify payment methods and enhance customer shopping convenience, while reducing the commission burden on franchise stores. In fact, Paycoin’s payment commission fee is only 1%, which is half the level of general credit cards.

To commemorate the introduction of the Paycoin payment service, CU will hold a ‘100% Winning Paydeuk Roulette Event’ throughout March.

Anyone can participate in this event simply by spinning the roulette on the CU membership application ‘Pocket CU’. Random amounts of 20 to 100 PCI, worth 3,000 to 15,000 KRW, will be awarded. Paycoin will be credited to the customer’s Pay Protocol Wallet within 3 days.