South Korean Game Giant Wemade Launches Defi Service Kurrency
According to reports, South Korean game giant Wemade announced the launch of a new Defi service, Kurrency, aimed at providing higher usability, transparency an…
According to reports, South Korean game giant Wemade announced the launch of a new Defi service, Kurrency, aimed at providing higher usability, transparency and reliability. Kurrency is a service that issues cryptocurrency through mortgage debt position. Users can entrust the virtual assets supported by the service as collateral to issue WCD (WEMIX encrypted USD).
Wemade launches new Defi service Kurrency
Interpretation of the news:
South Korean game giant Wemade recently announced that it is launching a new Defi (decentralized finance) service called Kurrency. The aim of this service is to provide higher usability, transparency, and reliability to its users. Through Kurrency, Wemade intends to issue cryptocurrency via the mortgage debt position mechanism.
Wemade’s Kurrency will offer WEMIX-encrypted USD or WCD, which will be issued against virtual assets supported as collateral by users. This will offer a level of security and safety to users, by ascertaining transparency and reliability while carrying out transactions.
Kurrency aims to fill the gap in the global finance market by offering a decentralized network that works 24/7, has reduced transaction costs, and no central authority control. This would enhance the consumer experience by offering secure, instant, and cost-efficient transactions.
In general, the growth of Defi has challenged the traditional finance systems, providing consumers new ways of accessing financial services in a more open, transparent, and efficient way. The cryptocurrency industry has been a major part of this, providing customers with new opportunities to invest in various instruments that have the potential for higher returns.
The use of cryptocurrency has evolved and diversified over the years, and now Defi services like Kurrency have made it easier for people to use their virtual assets as collateral to receive cryptocurrency.
Moreover, owing to the emergence of blockchain technology, the opportunities for application in various markets and industries have widened. Financial market applications are just one area of interest and growth for Defi and its methods.
Defi is a rapidly growing field in the cryptocurrency industry, and Kurrency aims to offer the advantages of decentralization, transparency, and security while allowing users to explore the potential of cryptocurrencies. With the rise of Defi, this industry is working to create a more equitable financial system for all users while offering a more diversified range of finance services.
In conclusion, the launch of Kurrency by South Korean game giant Wemade highlights their confidence in the growth of cryptocurrency and their interest in emerging markets. Through this move, they aim to provide more value to their existing customers and attract new ones. As the Defi market expands, services like Kurrency will play a crucial role in shaping the future of finance.
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