DAWINKS(CEO Jong Myung Lee), which develops and supplies CRYPTO ATM (Brand: DCTM/Digital Cryptocurrency Teller Machine) equipped with the world's first KYC & AML function by linking with the DPEC PLATFORM developed with the based on BLOCKCHAIN FINTECH for payment, remittance, exchange and shopping of digital currency including crypto assets and POS signed a business agreement(ACUERDO CONJUNTO) with CARUNA R.L, a government financial institution in Nicaragua on the February 18th.
Jong Myung Lee said, "We have developed blockchain CRYPTO ATM (DCTM) and POS and entered the Vietnamese, Philippines, and Korean markets starting with the U.S. We have developed and supplied related technologies and equipment at the request of Korean companies operating in Nicaragua, but our efforts have been marred by betrays by the CEO of the company, who just disturbed the local market in pursuit of private interest. However, at the request of local CARUNA BANK and Panama based financial consulting agency(MPOS GLOBAL), DAWINKS was recognized as a company with related technologies through a presentation in the capital Managua and signed a new contract after terminating all existing contracts. With Nicaragua as a bridgehead, we have a great opportunity to bring blockchain technology to the Latin American market. I appreciate the cooperation of the righteous Korean community led to the brightening of the blockchain technology of Korea in the process."
DAWIN promised to supply prototypes within March as was requested the contracting company and decided to demonstrate with the officials at the CARUNA BANK headquarters in March, as it had already completed the development of DC(Ecurrency) and WALLET(wallet/mobile& card type) for use in BLOCKCHAIN ATM and POS.
In addition, they also explored the possibility of developing and supplying new ATMs based on blockchain, which enables the use of E-currency for ATM replacement
demand that is being used by existing banks. In addition, it received a request for the supply of ATM for small credit loan applications in progress related to the company's registered patent in Korea and began to prepare for simultaneous entry with ATM.
According to data released by COINATMRADER, global BITCOIN ATM operations have surpassed 6,895 units as of today. North America and Europe account for 95% of the ATMs with 4,920 units in the U.S., 743, UK 302 units in Canada, 144 units in Austria, and 80 units in Spain. The Asian region, including 60 units in Hong Kong, 8 units in Singapore and 9 units in Malaysia, is now in its beginning stage, with no units is currently being operated in South Korea. DAWINKS is certain to enter soon.
The expansion of the BITCOIN ATM (BTM) market can be inferred from the recent trend of adding more than 10 units. So far, BTM has been a limited-service that can only be used for members registered in advance because it cannot solve KYC (ID verification) issues. The DCTM and POS of Dawin KS, which for the first time in the world overcame the KYC and AML issues, are essential and appropriate technologies for CRYPTO financing required by the times.
DAWINKS has been recognized for its unique technology in related fields, with scanners currently being used at about 650 airports, duty-free shops, casinos, and exchange events after having steadily developed technologies related to ID cards, passport forgery and adult authentication for 16 years.
And in the past two years, Darwin has developed a platform for realizing the payment, settlement, remittance, and exchange based on blockchain, completing ATM and POS to implement CRYPTO financial services. It is a new technology that combines Fintech technology required for existing institutional finance with blockchain CRYPTO finance.
The government encourages and supports blockchain technology, but cryptocurrency, a means of trading, still gets a negative view. It is a pity that many Korean companies, like Dawin KS, cannot operate technologies that are recognized overseas in the Korean market.
To foster related industries for financial innovation, wouldn't it be possible for CRYPTO financing with technology to utilize a system such as conditional pre-certification that permits foreign visitors to visit, as Darwin suggested? It is expected to contribute not only to Korea's status as a technology country but also to tourism profits by providing convenience for payment.