South Korean National Television: Bitcoin is gaining mainstream recognition in South Korea

South Korean national television and a popular news website interviewed two leading Bitcoin entrepreneurs, Simon Dixon and Roger Ver, who demonstrated how Bitcoin is being used to complete peer-to-peer transactions in South Korea.

Since 2014, venture capital-backed bitcoin startups like Coinplug and Korbit have sprung up, making it easy for South Korean bitcoin users and traders to buy and sell bitcoin.

To increase mainstream awareness of Bitcoin in South Korea, Bitcoin startups like Coinplug have sponsored Bitcoin-related meetups, conferences, and events. Thanks to these efforts, coffee shops, restaurants, and clothing stores in Seoul and Busan have begun accepting Bitcoin as payment for bills, and the number of Bitcoin users in South Korea has grown significantly over the past few years.

Bitcoin entrepreneurs and investors including Simon Dixon and Roger Ver said in an interview that they see great potential for bitcoin in South Korea as the industry and community continue to grow in the country.

"It's a technology that's revolutionizing finance," Simon Dixon, CEO and co-founder of BankToTheFuture, said in an interview. "Bitcoin acts as a currency because people can transfer value around the world almost for free. It also acts as a commodity because of its fixed supply, so its price fluctuates wildly. "

The South Korean news website further emphasized that the world’s established financial institutions, banking groups and central banks are exploring the potential of Bitcoin’s blockchain technology in the traditional financial field, and the reduction in Bitcoin’s supply has led to a surge in the price of the digital currency.

Roger Ver, a Bitcoin entrepreneur and angel investor, said: "There are about 15 million Bitcoins in the world, but only some not very rich people can really have a huge impact on its price. However, all this is about to change. As the number of Bitcoin users continues to increase around the world, its price fluctuations will gradually slow down after a period of time. "