Guests to common vacationer spots in South Korea will be capable to trade the stablecoin USDT for fiat by DaWinKS crypto ATMs.
Non-profit Kaia DLT Basis and FinTech firm DaWinKS launched a service in South Korea that enables international vacationers to transform USDT issued on the Kaia blockchain into South Korean received by way of specialised digital ATMs (DTM).
A digital ATM (DTM) is a multifunctional machine that permits crypto-to-cash and cash-to-crypto exchanges, in addition to different monetary providers while not having web entry. DTMs enable customers to:
- trade cryptocurrencies and stablecoins for fiat;
- situation pay as you go playing cards, similar to transit playing cards;
- carry out foreign money trade operations between fiat currencies;
- present associated FinTech providers like tax refunds or transfers.
DaWinKS ATMs supporting USDT are put in in seven key vacationer areas in South Korea:
- on the N Seoul Tower, a preferred landmark in Seoul;
- at Homeplus grocery store branches in Hapjeong and CentumCity districts;
- at a Lotte Mart retailer within the Gwangbok space;
- on the LIFEWORK massive retail retailer within the Myeongdong vacationer space;
- on the Cash Membership trade workplace in Myeongdong;
- on the NamDaeMun Alternate Café in Namdaemun district.
The community will quickly broaden to different main Lotte Mart branches throughout the nation.
Vacationers can full verification utilizing their passport and biometric checks much like these at South Korean airports. After passing KYC, customers can trade USDT issued on the Kaia community for money within the chosen foreign money or situation a pay as you go transit card. Remaining balances may be transformed to U.S. {dollars} earlier than leaving the nation. All transactions are processed on the present trade fee on the time of the transaction.
In addition to USDT, ATMs help BTC and ETH. KAIA, the native token of the Kaia community, is deliberate to be added sooner or later. In line with Sangmin Website positioning, Chair of Kaia DLT Basis, cooperation with DaWinKS goals to considerably broaden the sensible use of stablecoins and opens new alternatives for cross-border monetary operations. He additionally famous plans to increase the initiative past South Korea over time. DaWinKS crypto ATMs function in 17 nations and help 89 nationwide currencies.
South Korean authorities preserve strict necessities for digital asset service suppliers. In 2024, the Korea Monetary Intelligence Unit (KoFIU) elevated inspections of crypto exchanges, leading to some platforms being banned from the native market. Moreover:
- strict penalties had been launched for crypto-related crimes;
- the acquisition of cryptocurrencies with bank cards was prohibited;
- oversight of stablecoins was strengthened together with tighter management over worldwide crypto transactions.
In 2025, the South Korean authorities launched a complete reform of the crypto sector, saying revisions to stablecoin laws and fee insurance policies for native crypto exchanges.
Сообщение Vacationers in South Korea to Alternate USDT by way of Crypto ATMs появились сначала на CoinsPaid Media.