AIITONE Launches PoC Platform for Security Token Projects in South Korea

Rotonda launches crypto wallet service Burrito Wallet in Latin AmericaRotonda, a subsidiary of South Korean crypto exchange Bithumb and the operator of the digital wallet Burrito Wallet, announced on Tuesday (local time) that it has launched its services in the Latin American region, marking its entry into global markets.Photo by Leon Overweel on UnsplashLaunched in February, Burrito Wallet’s primary functions include convenient chat-based cryptocurrency transfers and crypto swapping. It is the largest multi-chain wallet in Korea that supports 11 mainnets, including Bitcoin and Ethereum, as well as over 1,000 token currencies.Expanding region-specific servicesIn addition to these basic services, the Burrito Wallet’s available services in Latin America will include both on- and off-ramp functions for buying and selling crypto, which will be added by the end of this year. An on-ramp function facilitates users in acquiring crypto assets, whereas an off-ramp facilitates users in disposing of their crypto assets. Considering that many countries in the region recognize cryptocurrencies as fiat currencies, the company plans to expand its services to meet the market demand. Furthermore, the company aims to secure users by providing transfer services and various airdrop events.“The greatest advantage of Bithumb Burrito Wallet is the ability to use various functions such as cryptocurrency storage, management, transfers and swapping all in one platform,” explained Burrito Wallet’s Chief Financial Officer Chung Jae-kwon. Jeong recently visited Colombia last month to introduce the wallet service. “We believe that we can respond to the specific demands of the financial environment in Latin America through our user-friendly wallet service,” he added.Addressing economic challengesThe blockchain market in Latin America has been growing rapidly with rising demand for convenient and secure crypto services, driven by low accessibility to traditional finance and unstable economic conditions such as inflation.“As the global financial crisis worsens due to a lack of liquidity in banks, the need for financial instruments that can safely protect assets is increasing,” Chung said. “We anticipate a growing demand for our non-custodial wallet, which allows users to hold their own private wallet keys.”Earlier this month, Burrito Wallet signed a business agreement with the blockchain gaming platform Yooldo to expand their respective blockchain ecosystems and secure a global user base.

Crypto.com Holds Twitter Giveaway for PSG FansGlobal cryptocurrency trading platform Crypto.com on Tuesday opened a social media giveaway for its Twitter followers as a sponsor of the French football club Paris Saint-Germain (PSG) to commemorate the recent arrival of six new players — Lee Kang-in, Manuel Ugarte, Hugo Ekitiké, Milan Škriniar, Marco Asensio, and Cher Ndour.Photo by Alexander Shatov on UnsplashFootball club with NFT collectionCrypto.com signed a long-term sponsorship deal with PSG in September 2021, becoming the club’s official cryptocurrency platform partner. In June of last year, they introduced the Tiger Champs NFT collection on their NFT marketplace in collaboration with the club and Taiwanese artist Jay Chou, celebrating its tenth Ligue 1 title.“We are delighted to host this giveaway, and we ask for your continued interest in our future events for PSG fans in Korea,” said Patrick Yoon, General Manager of Crypto.com Korea.The platform has been accelerating its expansion in Asia, marked by preparations to launch its services in South Korea and a signed deal with LINE Xenesis, a blockchain developer of Tokyo-based messaging app giant LINE Corp.Giveaway conditionsParticipants with a public Twitter account were eligible to enter the giveaway by following Crypto.com’s official Twitter account and retweeting and liking the giveaway tweet by 00:00 UTC on Thursday.Crypto.com plans to select one participant through a draw and award them a jersey with the autograph of player Lee Kang-in. The winner will be announced via direct message on Twitter by Saturday.The event was also held in lieu of PSG’s friendly match with the South Korean football club Jeonbuk Hyundai Motors, held on Thursday afternoon at the Busan Asiad Main Stadium.PSG is known for topping the ranks of Ligue 1, the top division of French football, and hosting world-famous footballers like Kylian Mbappé and Neymar Jr.

Korbit CEO partakes in anti-drug relay campaignSouth Korean cryptocurrency exchange Korbit’s CEO, Oh Se-jin, has joined the No Exit anti-drug campaign — a nationwide relay campaign launched in April by the National Police Agency, the Korean Association Against Drug Abuse and other relevant institutions to raise public awareness about the dangers of drug addiction and promote a collective effort to prevent drug-related crimes, according to local news outlet ET News on Wednesday (local time). So far, numerous figures across various sectors and industries have participated, including actor Choi Bool-am and the president of the Korean Nursing Association Kim Young-kyung.Photo by Hal Gatewood on UnsplashEncouraging collective vigilanceThe campaign’s slogan draws a metaphor between drugs and a maze that cannot be escaped once it has been entered. Participants in the campaign are obligated to share photos with a message that reads, “Do not start drugs — it is a maze with no exit”, and nominate the next participants.“I hope that all citizens will realize the seriousness of drugs through the No Exit campaign, and I aspire to contribute to creating a safer society. Korbit will fulfill its social responsibility in the cryptocurrency industry and contribute to building a healthier society,” Oh said.Next participantsOh was tagged in the campaign by Lee Hyo-jin, CEO of the peer-to-peer (P2P) financial services company 8Percent. In turn, he nominated Lee Sang-ho, CEO of HSBC’s Korea office, and Kim Ji-yun, CEO and Co-founder of DSRV Labs, as the next participants.