Mobile USDT Can “Instantly Withdraw Korean Won,” Goodbye to Currency Exchange!
Kaia DLT Foundation (Kaia) announced that the blockchain fintech company DaWinKS officially supports the USDT issued by Kaia, which can be used at its digital ATMs (DTM) located at major tourist landmarks across South Korea. This service is tailored for tourists visiting Korea and K-pop enthusiasts, allowing users to directly withdraw cash (local currency) from their Kaia USDT deposits or apply for a prepaid transportation card through this offline digital asset deposit and withdrawal channel, seamlessly integrating virtual assets with real-world payment scenarios.
DaWinKS DTM employs passport scanning and facial recognition authentication technology, utilizing the identity verification solution used at South Korean airport immigration. After completing KYC, users can withdraw digital assets or activate a prepaid card by scanning a barcode or QR code on the device, supporting 85 fiat currencies from 15 countries. Before departure, users can also convert any remaining cash into US dollars. The exchange rate for digital assets is calculated based on real-time rates daily.
Currently, DTMs supporting Kaia USDT have covered seven popular landmarks in South Korea: N Seoul Tower, Homeplus (Hogye and Centum City branches), Lotte Mart (Gwangbok branch), LIFEWORK Myeongdong flagship store, Myeongdong Money Club, and Namdaemun Exchange Cafe. This service will also be gradually promoted in major Lotte Mart stores nationwide.
At present, the service is only open to foreign users, with plans to expand to local Korean consumers within the year, achieving broader user coverage.
Since the end of last year, DaWinKS’s DTM devices have supported three mainstream digital assets: Bitcoin, Ethereum, and the stablecoin USDT. The integration of Kaia USDT represents a further deepening of the collaboration between DaWinKS and Kaia. Both parties are also actively promoting the inclusion of Kaia’s native network asset $KAIA into the DTM service system.
Jong-myeong Lee, CEO of DaWinKS, stated: “Based on our experience in currency exchange, cryptocurrency ATMs, and QR code payments across multiple fintech sectors, DaWinKS is continuously expanding the practical application scenarios for stablecoins. Our collaboration with Kaia will help drive the widespread adoption of stablecoins in Asia. Kaia works closely with mainstream Web3 and fintech companies such as Tether and LINE NEXT, and this collaboration will inject significant momentum into the global deployment of DTM.”
Dr. Sam Seo, from Kaia DLT Foundation, added: “The partnership with DaWinKS is a crucial milestone in promoting the real-world application of Kaia’s native USDT and the upcoming local stablecoin. We anticipate that as users’ understanding and acceptance of stablecoins increase, the practical demand for cross-border exchanges and deposits/withdrawals will also grow, and Kaia will work with DaWinKS to expand DTM services to a broader range of domestic and international scenarios.”
For more information about DaWinKS DTM devices, please visit the CoinATMTrader platform: https://coinatmradar.com/bitcoin_atm/93664/bitcoin-atm-seoul-money-club-myeongdong/
About DaWinKS
DaWinKS operates an advanced digital ATM (DTM) system that combines passport recognition and AI facial recognition technology to provide contactless, self-service fintech services. Through this system, users can directly exchange currencies from 17 countries and 89 fiat currencies, as well as execute city tax refunds and overseas remittances (escrow).
DaWinKS has created a digital service ecosystem specifically for foreign tourists, including its own digital ATM (DTM), cryptocurrency ATM (CTM), QR code payment and POS machines, passport scanners, and other blockchain-driven fintech products. Currently, this system covers several major commercial areas in South Korea, providing tourists with a non-face-to-face currency exchange experience and collaborating with Kona to launch a prepaid transportation card (Kona DTK card) service, along with Global Tax Free for tax refund services, significantly enhancing travel convenience for overseas users.
About Kaia
Kaia is a high-performance public chain platform aimed at bringing Web3 experiences to billions of users across Asia. The project was formed by the merger of Kakao’s Klaytn and LINE’s Finschia blockchains, and has now become the largest Web3 ecosystem in Asia, deeply integrated within the KakaoTalk and LINE super communication platforms, covering over 250 million users. With Kaia, users can easily access the Web3 world at Web2 speeds and convenience on familiar social platforms, enabling connections, creation, collaboration, and ecosystem co-building.
For more information, please visit: www.kaia.io