Currency United (CEO Minseong Yoon), which operates the foreign currency direct transaction platform 'CUUNIT', has signed a strategic business agreement (MOU) with Moneybox (CEO Yooncheol Baek), a company specializing in foreign exchange and remittance services. Through this agreement, the two companies plan to accelerate the digital transformation of the domestic and international currency exchange markets.
This collaboration aims to reorganize the currency exchange industry, which has been a closed, supplier-centered structure, into a user-centered one and to create a new financial flow that connects online and offline.
The two companies will jointly pursue five key tasks: ▲providing favorable foreign exchange spreads ▲collaborating with cash logistics and related institutions ▲introducing a QR-based foreign currency receipt service ▲establishing a global remittance network ▲establishing a foreign exchange risk management corporation.
CurrencyUnited has an AI-based price matching system and automated foreign currency direct transaction technology. When combined with MoneyBox’s nationwide offline branches and unmanned currency exchange infrastructure, customers will be able to quickly and safely receive foreign currency exchanged online anywhere in the country.
Starting with this MOU agreement, CurrencyUnited plans to expand its service area beyond the domestic market to the Philippines and Japan. The strategy is to respond to the rapidly increasing demand for overseas remittances and take the lead in the market with localized currency exchange solutions.
We are also preparing the technology and regulatory response foundation to respond to the future stablecoin era. CurrencyUnited is collaborating with leading domestic and international companies to create opportunities in a financial environment where traditional foreign exchange markets and digital asset transactions coexist.
“We will lower the barriers to currency exchange and remittance through technology and provide real convenience to users,” said Yoon Min-seong, CEO of Currency United. “The combination of Moneybox’s offline competitiveness and Qunit’s digital capabilities will create a next-generation financial model that is easily accessible to anyone.”
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