100,000 People to Experience CBDC Transactions at Hanaro Mart and Convenience Stores
CryptoNewsTerminal Staff19 Sep, 2024
100,000 People to Experience CBDC Transactions at Hanaro Mart and Convenience Stores
CBDC Trial to Involve 100,000 Participants A notable development in the realm of digital currency is on the horizon. According to Yonhap News, around 100,000 individuals will participate in a large-scale experiment involving the conversion of bank deposits into digital currency tokens. These tokens will then be used for transactions at Hanaro Mart, convenience stores, and other businesses by the end of the year. Collaboration for CBDC Usability Test Six commercial and internet banks, along with the Bank of Korea, are actively engaged in discussions regarding the "CBDC (Central Bank Digital Currency) Usability Test," scheduled for December. This trial will provide valuable insights into the practical use cases and potential benefits of CBDCs. Significance of the Experiment This experiment marks a significant milestone in the exploration of CBDCs, offering a real-world test bed for their functionality and usability. The results of this trial will undoubtedly shape future policies and initiatives related to digital currency implementation.
