South Korea begins nationwide rollout of CBDC based deposit token payments
South Korea begins nationwide rollout of CBDC based deposit token payments
South Korea has launched a 9.6 billion won project to expand CBDC based deposit token payments into everyday commercial use.Nine banks, eight payment firms and two major merchants will test the system using existing payment infrastructure without replacing terminals.The project builds on the Bank of Korea’s Project Hangang pilot as authorities prepare deposit tokens for wider public adoption.