DAWINKS (CEO: Jong-Myung Lee) has patented technology for blockchain-based digital (FIAT+CRYPTO) asset foreign currency exchange, overseas remittance, e-money charge, and payment system.
BMCPLUS (CEO: Ju-Won Hwang) has an AI trading system and blockchain decentralized finance (DeFi) patented technology.
The two companies agreed to combine their patented technologies and commercial services to supply them to Korea first and jointly enter the U.S. market at the same time and signed a business partnership at DAWINKS head office on the 14th.
The biggest concern in the virtual asset market, including Bitcoin, will be whether blockchain can provide the technologies necessary for our work and life to change our work and life for the better. Altcoins whose technological prowess has not been verified will be delisted in large numbers, and the Financial Services Commission has also announced that it will conduct a full investigation on listed coins. Concerns about blockchain and coins were immediately reflected in the market, and the prices of most coins, including Bitcoin, are on the decline.
Despite these concerns, there are companies like pearl oyster of mudflats that are creating their own infrastructure with patented technologies and commercialized services. Among them, DAWINKS with patent technology for blockchain-based untact digital financial services systems and BMCPLUS, a software development company with patented technology based on AI decided to launch and test-run the 'DTM (Digital ATM) & QR Pay' solution, which integrates foreign currency exchange, overseas remittance, e-money charge, and merchant payment services through blockchain-based on their respective technology.
DTM service is an untact innovative foreign exchange digital financial service using the world's first ATM that combines the forgery detection and reading system for Korean identification cards (resident registration card, driver's license) and global passports with AI facial recognition technology.
Not only Koreans but also foreigners visiting and staying in Korea can use the DTM service at any time. They can easily and quickly use foreign currency exchange and overseas remittance services through KYC passport recognition on the scanner installed in the ATM and also conveniently use the payment service of merchants by charging digital currency in the e-wallet supplied through DTM.
Vietnamese tourists visiting Korea cannot exchange Vietnamese money with Korean money locally because it is not an international listed currency. It's illegal currency exchange. Therefore, they exchanged Vietnamese currency (dong) to dollars for the first and exchange to Korean KRW after arriving in Korea, resulting in two exchange commissions. In the future, Vietnamese currency (dong) will be deposited into DAWINKS' DTM installed in Korea and exchanged into Korean money. In other words, direct currency exchange service is available.
Meanwhile, the Chicago WinMedia Group, affiliated with BMCPLUS, praised the possibility of commercialization of DTM (Digital ATM) & QR Pay service in the U.S. and began internal discussions to supply them to 5 states in the process of media broadcasting business. In addition, it plans to visit Korea in August to specify the time to promote DTM service in the US and enter the business, and to sign a business partnership contract with DAWINKS. It plans to build partnerships with China's largest travel agency, e-long, affiliated with BMCPLUS, South Korea's largest travel agency Tour My Story, and China's largest exchange, OKex, and continue to expand the scope of DTM services.
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