[Special Stock] Danal Rises on Paycoin and UnionPay Partnership Highlighted by Amazon's Bitcoin Payment Initiative
[Asia Economy Reporter Minwoo Lee] Danal's stock price is on the rise. The news that Amazon, the world's largest e-commerce company, is promoting payments using the representative cryptocurrency Bitcoin has highlighted Danal's early entry into the cryptocurrency payment business.
As of 11:14 AM on the 26th, Danal's stock price recorded 7,380 KRW, up 7.27% compared to the previous day. The news of Amazon entering the cryptocurrency market appears to have acted as a positive factor.
On the 23rd (local time), U.S. economic media CNBC reported that Amazon is seriously considering entering the cryptocurrency market, judging from the job advertisement seeking cryptocurrency experts including Bitcoin specialists. Recently, Amazon announced through a recruitment ad that its payment team is looking to hire experts in digital currency and blockchain.
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Earlier, Danal partnered with the global payment company 'UnionPay International' and had already entered the cryptocurrency-related payment business. Through the partnership with UnionPay, Danal launched the 'Danal Mobile Prepaid Card' and announced plans to provide services through the 'Paycoin app (Danal Fintech)'. The method involves storing Bitcoin in the Paycoin app and converting it to Paycoin when payment is desired.
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