South Korea's central bank will conduct real transaction tests on central bank digital currency next month

avatar
MarsBit
03-24
This article is machine translated
Show original
Mars Finance News, on March 24, the Bank of Korea stated today that as part of the wholesale comprehensive test of the Central Bank Digital Currency (CBDC), the bank will conduct payment usage tests for digital tokens converted from bank deposits in online and offline shopping malls. The test will launch on April 1, with up to 100,000 consumers and 7 major banks participating, including Kookmin Bank, Shinhan Bank, and Hana Bank. During this period, consumers will be able to purchase goods and services using deposit tokens at multiple online and offline stores, including 7-Eleven convenience stores, Kyobo Bookstore branches, EDIYA Coffee shops, and Hyundai Home Shopping website. The maximum value of digital tokens consumers can use will be set at 5 million won (approximately $3,400), and the test will continue until the end of June. (Jintai)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo