Andy Lee, CEO of DAWINKS Co., Ltd., which develops and supplies CRYPTO ATM and POS that implements the world's first KYC & AML function, interworking with "DPEC PLATFORM"
based on BLOCKCHAIN FINTECH for payment, remittance, and exchange of digital currency including Crypto assets was invited to speak at the 7th World Blockchain Summit Marbles Seoul 2019 and presented his plan of entering American market with CRYPTO ATM & POS, which was developed in conjunction with blockchain based DPEC PLATFORM at Session 3 - the Diversification of Blockchain Application. The company installed a booth at the event and allowed Koreans and foreigners to experience DCTM(Brand name: Digital Cryptocurrency Teller Machine) and POS.
Visitors are all amazed by the technology, asking for DCTM and POS related materials and expressing their willingness to collaborate and invest. In particular, several domestic and foreign cryptocurrency exchanges recognized the value of the DPEC token(STABLE) that incorporates DAWINKS' ATM and POS technology and suggested a listing.
He also added, "We have been developing blockchain CRYPTO ATMs and POSs and preparing to advance into the Vietnamese, Philippine, and Korean markets, starting in the U.S., and last month, we agreed to promote DCTM & POS and Magazine & DID Advertising biz through the VietBeauty & Associate, Inc & Royal Beauty Group (CEO Kelvin Ho) and to install and operate them in high-end nail, beauty & spa salons in the U.S. from early next year through Win-Win Partnership. Also, we are very happy to interlink VISA Based CRYPTO DEBIT Card Supply Business of TERNIO LLC, the U.S., which provides real world applications for blockchain and crypto to DCTM we will install in the U.S., and starting with Korea, expand to Southeast Asian countries.”
According to data released by COINATMRADER on Wednesday, more than 6,000 BITCOIN ATMs are operating worldwide. North America and Europe account for 95 % of them, with 4,133 units in the U.S., 732 units in Canada, 295 units in Britain, and 193 units in Austria while in Asia, including 43 units in HongKong, 8 units in Singapore, 9 units in Malaysia, the business is in the beginning stage, with no unit in operation in South Korea yet. It is certain that the DAWINKS will enter the market soon. The expansion of BITCOIN ATM (BTM) market can be inferred from the recent trend of adding more than 10 units a day. If BTM has been a limited-service available for the registered
members since it failed to address KYC (ID certification) issues, the DCTM and POS of DAWINKS, which were developed for the first time in the world to overcome KYC and AML (anti money laundering) issues, is a necessary and suitable technology for CRYPTO finance as required by the times.
DAWINKS is recognized for its unique skills in related fields, as its scanners made by the steady development of technologies related to identification, passport forgery detection, and adult authentication over the past 15 years are installed at about 630 locations, including airports, dutyfree shops, casinos and currency exchange dealers. And in the last two years, DAWIN developed a platform for realizing payment, settlement, remittance and currency exchange based on blockchain, completing ATM and POS to implement CRYPTO financial services. This is a new technology that is integrated with Fintech technology that is needed for existing institutional financing and realizes CRYPTO's future blockchain.
“We are currently providing technical data that was proposed and requested at a meeting with the new technology business department of a bank to launch the service here in Korea ahead of its full-fledged advance into the U.S. but regret that it will be difficult for the government to approve it so far. Many of the money exchange operators in Myeong-dong and Gangnam who use our scanners are waiting for ATM services for tourists. I hope we can create an environment where we can provide CRYPTO financial services to tourists visiting Busan, which is designated as a blockchain special zone," he said with a lot of energy.
The government encourages and supports blockchain technology, but still has a negative view on Crypto, a means of trading. It is a pity that many companies are unable to implement
technologies that are recognized overseas like DAWIN. Wouldn't it be possible to utilize a system such as conditional pre-certification that permits the operation of them exclusively for foreign visitors to develop related industries for financial innovation as DAWIN suggested? It is expected to contribute
to tourism profits by providing the convenience of payment as well as technology Korea's status.