The Bank of Korea will conduct a real transaction test of the central bank's digital currency next month
2025-03-24 03:59:16
On March 24th, the Bank of Korea said today that as part of the launch of the Central Bank Digital Currency (CBDC) wholesale comprehensive test, the bank will test the use of digital tokens converted from bank deposits in online and offline shopping malls. The test will start on April 1, with up to 100,000 consumers and seven major banks including Kookmin Bank, Shinhan Bank and Hana Bank participating. During the period, consumers will be able to use the deposit tokens to purchase goods and services at a number of online and offline stores, including 7-11 convenience stores, Kyobo Bunku branches, EDIYA coffee shops and modern home shopping websites. The maximum value of the digital tokens that consumers can use will be set at 5 million won (about $3,400), and the test will continue until the end of June. ( Gold Ten)
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