The 7-Eleven stores will accept payments in the Central Bank of the Central Bank (CBDC) until June, where the retail seller participates in the CBDC project test phase.
According to the stores series Extend 10 % discount on all paid products with CBDC during the test period. According to Moon Dae-Loo, Head of the Digital Innovation Department at 7-Eleven, the company is making an effort to integrate digital technology developments into its operations.
The CEO added that the company’s participation in the CBDC test will help accelerate the company’s digital transformation.
Many stores will participate in the CBDC test in South Korea, which lasts from April 1 to June 30. The project also includes 100,000 participants allowed to test payments using CBDC issued by the Central Bank.
The central bank currencies are the digital assets issued by government agencies. Like other digital assets, CBDCS provides faster and more updated payment features. However, unlike Bitcoin and other privacy symbols that provide certain levels of non -disclosure, CBDCS is controlled and monitored by governments.
Related to: More than 400 South Korea officials reveal $ 9.8 million in encryption holdings On March 24, government agencies including the Korea Bank, the Financial Services Committee (FSC) and the Financial Supervision Service (FSS) Declare CBDC test. Participants can convert their banking deposits into symbols stored in the book of the professor distributed during the test period. The symbols bear the same value as the Korean. Government agencies said that citizens between the ages of 19 years or older with a deposit account in a participating bank could apply for participation. The recordings were limited to 100,000 participants. KB, Koomin, Shinhan, Hana, Woouri, Nonghyup, IBK and Busan are among the banks participating in CBDC tests. Regardless of 7-Eleven, participants can use CBDCS in cafes, supermarkets, K-POP stores and delivery platforms. However, users will be limited to the total transfer of 5 million WNA ($ 3,416) during the test. Korea Bank announced for the first time a CBDC retail test for 100,000 users in November 2023, and it was already scheduled to start in the fourth quarter of 2024. FSS said that the country’s CBDC test was a step towards creating a preliminary model for a “future monetary system”. https://www.youtube.com/watch? magazine: Fatee “Chinese mint” encryption fraud, Japan diving in Stablecoins: Asia Express
South Korea is tested from April to June
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