Medium has announced its participation in the digital payment industry by signing an investment agreement with The9Company, which specializes in payment kiosks. Therefore, major domestic media such as the JoongAng Ilbo as well as Dong-A Ilbo reported the contents extensively, focusing on Medium’s entry into the payment market as well as its acquisition of KOK PLAY.
Medium’s high-performance blockchain technology is viewed as the ultimate “game changer” that will set them apart from the rest of the competition in a still relatively new market.
Under this agreement, the two companies plan to implement kiosk services that can be paid with medium-only payment method “MD Pay” at more than 1,000 restaurants and coffee shops located in Gangnam (Seoul), and will be expanded nationwide this year after the service stabilizes.
In addition, MDPay preemptively adopted KOK token as a new payment method to achieve offline expansion of KOK PLAY platform. Through online and offline connections, we are moving forward toward a true metaverse environment. The industry believes that the launch of MDPay will play a monumental role in reducing the burden on small business owners and expanding the usability of cryptocurrency with much cheaper fees than existing payment methods. In particular, we expect to lead the kiosk industry, which is growing significantly due to the increased demand for untact solutions due to the pandemic.
This business is the first sign of the future that KOK PLAY will move forward. Please look forward to KOK PLAY’s growth with endless challenges and developments.