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Crypto assets can be exchanged for yen on the spot at RED° TOKYO TOWER !

First in Japan! Crypto asset exchange machine installed in a commercial facility
BTM®, an automatic currency exchange machine for crypto assets registered with the Financial Services Agency, has been installed in the facility.

Tokyo eSports Gate Corporation (headquartered in Minato-ku, Tokyo; Yasuo Hara, President; hereinafter “TEG”), a Tokyo Tower-based company that develops esports/entertainment expansion business, has installed BTM® in RED˚ TOKYO TOWER. BTM® an automatic currency exchange machine for cryptographic assets developed by Gaia Corporation (headquartered in Nishi-ku, Osaka; Motohiro Ogura, President; hereinafter “Gaia”).

BTM® is “Japan’s first automatic money changer for crypto assets,” which Gaia Corporation, registered with the Financial Services Agency as a crypto asset exchanger, began offering on August 2, 2022.
Conventional crypto asset exchangers generally require several days to withdraw crypto assets after converting them to Japanese yen through an app or website and depositing them into a customer-designated bank account, but with BTM®, customers can receive their crypto assets converted to Japanese yen on the spot.
The number of installed crypto asset money changers continues to increase overseas, with approximately 39,000 units installed as of the end of September 2022, and demand is further increasing due to the security and convenience of being able to immediately convert crypto assets into cash, and demand is expected to increase at domestic commercial facilities as the number of tourists from overseas increases.

In response to this demand, RED° TOKYO TOWER is the first commercial facility in Japan to install an automatic currency exchange machine for crypto assets.

《Image of the “BTM®” Crypto Asset Automatic Money Changer》
Crypto assets handled  
BTC (Bitcoin)
ETH (Ethereum)
BCH (Bitcoin Cash)
LTC (Litecoin)

TEG also operates the “RED TOKEN” under the “RED°” brand, which provides the next generation of entertainment, and by installing the BTM®, TEG aims to expand awareness of crypto assets among visitors to the facility. We will continue to expand our alliance partners in order to create more enthusiasm for the RED token economy as a platform for a variety of economic activities around the world. Please stay tuned for further developments.