South Korea is leading the charge in blockchain innovation with the launch of USDT ATMs for foreign tourists, powered by the Kaia blockchain. This groundbreaking initiative allows visitors to withdraw local currency seamlessly, marking a significant step in stablecoin integration.
How Do USDT ATMs Work in South Korea?
Foreign tourists can now exchange USDT for Korean Won at designated digital ATMs (DTMs) operated by fintech company DaWinKS. Here’s how it works:
- Users verify their identity via passport and facial recognition.
- They can exchange 85 different fiat currencies or recharge local transportation cards.
- The service is currently available in popular tourist spots like NSeoul Tower and Lotte Mart.
Why Kaia Blockchain?
The collaboration between DaWinKS and the Kaia DLT Foundation highlights the growing role of blockchain in financial services. Kaia’s native USDT support ensures seamless transactions, bridging the gap between digital assets and traditional finance.
Benefits for Foreign Tourists
This initiative offers several advantages:
- Convenient cash withdrawals without traditional banking hurdles.
- Flexibility to convert leftover cash back to USDT when leaving the country.
- Enhanced financial accessibility in major tourist areas.
Future Expansion Plans
The project aims to expand beyond foreign tourists, with plans to open domestic access later this year. Kaia’s native token, KAIA, will also be integrated into the DTM network, further solidifying South Korea’s position as a blockchain hub.
FAQs
1. Where are the USDT ATMs located in South Korea?
Currently, they are available in major tourist areas like NSeoul Tower and Lotte Mart.
2. What currencies are supported?
The ATMs support 85 fiat currencies, with USDT as the primary digital asset.
3. Is identity verification required?
Yes, users must verify their identity via passport and facial recognition.
4. Can locals use these ATMs?
The service is currently limited to foreign tourists, but domestic access is planned for later this year.
