South Korea to Trial CBDC With 100,000 Users and 7 Banks
- South Korea’s central bank, the Bank of Korea (BOK), is launching a CBDC pilot.
- The pilot involves seven major banks issuing deposit tokens.
- 100,000 participants will engage in digital payments.
- Payments can be made at retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore.
South Korea’s central bank is set to test its CBDC with the participation of seven banks and 100,000 users who will make digital payments at major retailers. This initiative aims to explore the use of deposit tokens in real-world transactions.
Source (2.6)https://news.bitcoin.com/south-korea-to-trial-cbdc-with-100000-users-and-7-banks/?rand=52384
