Paycoin Completes Korea's Convenience Store Payment Ecosystem with Seven Eleven Launch

Paycoin, a virtual asset-based easy payment platform, announced on the 29th that it has launched its payment service at Seven Eleven, one of Korea's leading convenience store brands. With this launch, Paycoin app payments are now available at all four major convenience store chains in Korea (Seven Eleven, Emart24, CU, and GS25).

Currently, convenience stores serve as essential daily consumption channels and are a major pillar of offline distribution. According to a survey by the National Data Office, as of last year, there were approximately 54,800 convenience store franchise locations in Korea, the largest among all franchise industries, and annual sales reached about 28.5 trillion won, ranking first overall. The fact that Paycoin app payments are now possible at such widely used convenience facilities highlights the significance of this launch.

Payments can be made easily through the Paycoin app. When a user requests payment, virtual assets are sold in real time through the linked exchange, and the corresponding amount is withdrawn from a real-name account. In addition to Paycoin (PCI), Bitcoin (BTC) and Ethereum (ETH) are also supported as payment methods, expanding user options. Another key feature is that users can utilize the service in a manner similar to existing easy payment systems, without any complicated procedures.

To commemorate the launch of payments at Seven Eleven, Paycoin plans to encourage initial usage by offering a special promotion with discounts of up to 30% for users. Detailed terms and benefits can be found through the Paycoin app.

A Paycoin representative stated, "By expanding our payment network to the four major convenience store chains, virtual asset payments have entered the stage of real-world usage," adding, "We will continue to expand the virtual asset payment infrastructure across daily life services such as dining, culture, and leisure, and drive structural change in the domestic payment market by linking with stablecoin-based payment platforms."