More Than Five Million Thai Merchants Can Accept Zcoin Payments Now
Zcoin, privacy crypto, can now be used by several merchants in Thailand. With the help of the new QR code system created by the Satang App, these merchants can start receiving the assets.
The announcement was made this week and it will see 50 million the users of the Satang App now connected with these merchants. To use Zcoin, they just need to have it in their balances and then scan the QR codes, meaning that they can make the payments offline as well.
All the transactions settled via this system will be paid in the local fiat currency to the merchants, which makes the life of the people using crypto to buy them much easier.
This, the company believes, solves what is often considered the main problem that merchants have with crypto. They consider these assets to be too volatile and believe that they need something more stable. Some people use stablecoins for that, but Satang App decided to use this system, as it lets people use a privacy coin and the merchants to receive in fiat currency.
In related news, the Zcoin team has recently decided to donate $24,000 USD to the Binance Charity Foundation. The funds will be used in order to support the children and teachers of a school in Kampala. Binance Charity is a program that is used to help children in vulnerable situations in Africa.