Bakery store introduces bitcoin payment system

Park Sae-jin Reporter() | Posted : December 3, 2013, 16:34 | Updated : December 3, 2013, 16:34

A store of the nation’s bakery giant, Paris Baguette, has introduced a new payment system, under which customers can buy goods with bitcoins, for the first time in the country. 

Bitcoin is an open source peer-to-peer electronic money and payment network introduced in 2009. 

“It was regrettable that there was no place in the country, where people can purchase goods with bitcoins, though interest in the digital currency has grown,” Lee Jong-soo, who runs the bakery shop in Incheon, west of Seoul, said in an interview. 

"We introduced the new payment system, with expectations that the bitcoin payment scheme will be put to commercial use (in South Korea) in the coming days,“ he said.

The shop owner said that Lee Chan-woo, one of his two sons, who studied finance in the United States, first introduced bitcoins to his family members.

His elder brother, Lee Jin-woo, developed a smartphone app for bitcoin payment, he said.


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