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Samsung Will Join Kakao to Trial Offline Payments for South Korea’s CBDC
Summary: Two Samsung affiliates are reportedly set to join a number of Kakao subsidiaries in piloting the Bank of Korea (BOK)’s central bank digital currency (CBDC) prototype. Sources reported that Samsung Electronics will test whether the digital currency can be used freely on its Galaxy smartphones without an internet connection. Samsung’s IT services and blockchain technology ...
Two Samsung affiliates are reportedly set to join a number of Kakao subsidiaries in piloting the Bank of Korea (BOK)’s central bank digital currency (CBDC) prototype. Sources reported that Samsung Electronics will test whether the digital currency can be used freely on its Galaxy smartphones without an internet connection. Samsung’s IT services and blockchain technology arm Samsung SDS join the project in a tech systems advisory capacity.
By Amy Liu
Tags: CBDC,Offline Payments,Samsung,South Korea
Link: Samsung Will Join Kakao to Trial Offline Payments for South Korea’s CBDC [Copy]
