The first cryptocurrency ATM in Korea has been installed in Myeongdong, Seoul. Dawin KS (CEO Lee Jung, CEO Lee Jong), a blockchain fintech platform specialist,
On the 29th, Bitcoin Cash (BTC) announced that it has installed a crypto ATM (CTM) equipped with real-name authentication (KYC) functionality at a currency exchange in Myeongdong, Seoul.
Dawin KS ATMs accept three cryptocurrencies - Bitcoin, Ethereum, and Tether - in exchange for the Korean legal currency, Wotif.
In accordance with the Foreign Exchange Control Act, you can exchange up to 2,000 US dollars (approximately 2.7 million won).
This currency exchange service is exclusively for foreigners. Once you have scanned your passport,
Your photo and personal information will be scanned using an ID scanner and AI facial recognition camera to identify fake or altered IDs. Eliminate the hassle of visiting websites and perform non-face-to-face KYC at cryptocurrency ATMs.
Dawin KS CTM is unique in that it provides instant currency exchange services and offers a variety of services. Dawin KS is focusing on the Korean market this year and is preparing to enter the hotel and casino industries.
The company plans to enter the overseas market by establishing a joint venture (JV) with a local business rather than directly entering the market, with next year being the former year for the company to enter the overseas market.
2024/08/11 21:08 KST
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