The US subsidiary of Hyosung just concluded a deal with DigitalMint, a company that makes it possible to convert cash into crypto. Under the arrangement, Bitcoin can be collected from Hyosung America’s 175,000 Automated Teller Machines (ATMs) nationwide as easily as it would be to collect fiat currency.
DigitalMint designs its Bitcoin and Litecoin payment platforms and provides an Application Programming Interface that enables customers to sell digital money through their machines.
A key feature in the deal between the two organizations is the agreement to allow DigitalMint to display its crypto buying services on an app that is being developed by Hyosung.
This decision, however, will vary from one ATM administrator to the other. Each will confirm whether it wants the services of DigitalMint to be included or not. That may mean that out of the 175,000 ATMs belonging to Hyosung, only a fraction will embrace this new project.
A top executive of Hyosung America, Brad Nolan also hinted that there is an array of other products and services that will be added to the said app being developed, apart from just the buying of Bitcoin.
Given the leading role that Hyosung plays in the network of ATMs in the United States, it is expected that this latest initiative might bring wider exposure of the services of DigitalMint to the general public. What is not certain at the time of writing this, is whether the duo will partner on other areas of business interests in the future.