Korea Telecom KT is Allowed to Launch Local Cryptocurrency

According to bitcoinnews.com, Korea Telecom KT, the largest telecommunications company in South Korea, will launch a pilot project in Gimpo next month and launch a new local digital currency K Token in April. K Token will be used for budgets for various development projects and social services in the city. K Token is only allowed for merchants in Gimpo, and the transaction will be completed by scanning the QR code. KT representatives hope that after the successful implementation of cryptocurrency in Gimpo, other local governments will also join the project.

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