• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

Three Major Tech Firms Are Interested in Joining South Korea’s CBDC Pilot

by CBDC Insider
May 27, 2021
in Asia, Business
Reading Time: 1min read
0
Three Major Tech Firms Are Interested in Joining South Korea’s CBDC Pilot
Share on FacebookShare on Twitter

Three of the biggest tech companies in South Korea are reportedly willing to participate in the upcoming Bank of Korea’s central bank digital currency (CBDC) pilots. Naver, Kakao and LG are set to submit their respective bid to be part of the digital won-prototype program set to be handled by the Bank of Korea (BOK), according to Money Today.

The report states that Kakao Pay, Kakao’s e-payments arm, and its blockchain subsidiary Ground X could jointly submit applications to participate in the pilots. On the other hand, Naver, the Founder of chat app Line and the country’s biggest search engine, has expressed its willingness to join BOK’s call to test South Korea’s CBDC. The bid from Naver could be possible through its financial branch, Naver Financial, said the media outlet.

Read more: https://www.financemagnates.com/cryptocurrency/news/three-major-tech-firms-are-interested-in-joining-south-koreas-cbdc-pilot/

RELATED STORIES

Why EU Regulators, Policymakers Are Betting on a Retail CBDC

Why EU Regulators, Policymakers Are Betting on a Retail CBDC

July 4, 2022
Bank of Thailand Governor Is Seeing No Urgency For A Central Bank Digital Currency

Bank of Thailand Governor Is Seeing No Urgency For A Central Bank Digital Currency

July 4, 2022
Previous Post

Bank Of Mauritius Looking To Launch CBDC Pilot This Year

Next Post

Will Nigeria Lead The Digital Currency Movement In Africa?

Next Post
Will Nigeria Lead The Digital Currency Movement In Africa?

Will Nigeria Lead The Digital Currency Movement In Africa?

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register