Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial
    Cryptocurrency

    7-Eleven Begins Accepting Bank of Korea’s Digital Currency in CBDC Trial

    April 2, 20251 Min Read


    South Korea’s 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs through June.

    The company is participating in the “Hangang Project” pilot of the CBDC. Customers with accounts at one of seven partner banks — including Kookmin, Shinhan and Woori — can pay for items at checkout by scanning a QR code from their digital wallet, similar to how many use mobile payment apps, according to local news outlet Enews Today.

    To encourage participation, 7-Eleven is offering a 10% discount on all products when purchased with the digital currency during the trial period.

    Moon Dae-woo, head of digital innovation at 7-Eleven, said the retailer is experimenting with new technologies to improve store efficiency.

    “By participating in this digital currency payment test, we’ve taken another step forward in digital transformation,” he said in a statement.

    The pilot is one of the first real-world trials of a central bank digital currency in a retail setting in South Korea. It comes after the country’s central bank governor said there was “urgency” in the introduction of a CBDC.

    Disclaimer: Information gathered for this story was translated with the use of artificial intelligence.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    How Does Cryptocurrency Actually Work Behind The Scenes?

    Cryptocurrency

    What Is Cryptocurrency And Why Is It Changing The Way We Think About Money?

    Cryptocurrency

    Delhi Police arrests Pune man for duping woman of over Rs 12 lakh in cryptocurrency scam – ThePrint – PTIFeed

    Cryptocurrency

    Decoding Digital Assets: Understanding Crypto Tokens, Coins, And Their Real-World Use Cases

    Cryptocurrency

    Chemistry graduate from Pune held for cheating Delhi woman of Rs 12 lakh in cryptocurrency investment scam

    Cryptocurrency

    What Do Investors Need to Know About Real-World Assets (RWAs) in Cryptocurrency?

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Business Reporter – Finance – What does a buoyant market mean for property developers?

    Property

    Kerjaya Prospek Property affiche une perte trimestrielle attribuable de 8,4 millions de RGT contre un bénéfice de 24,8 millions de RGT

    Cryptocurrency

    EXCLUSIVE: Former White House Exec Discusses What’s Next For Bitcoin, Dems After Biden Bows Out

    Editors Picks

    Fitch confirme la notation de Peach Property en dépit de l’encours de sa dette à 2025 -Le 22 janvier 2025 à 05:43

    January 21, 2025

    Understanding Cryptocurrency During Divorce

    February 17, 2025

    The Valley Ledger | Its All About The Lehigh Valley at

    August 17, 2024

    Solar Power System Installations Impact Less Than 1% of Arkansas Agricultural Land

    June 1, 2025
    What's Hot

    Exclusive: mBridge open to cooperation with traditional payment infrastructure

    October 24, 2024

    What Is Driving Crypto Adoption In LatAm?

    August 27, 2024

    RMC dévoile sa nouvelle radio musicale «RMC Gold »

    March 27, 2025
    Our Picks

    I love cable management but I found the perfect standing desk for people that hate it

    July 13, 2024

    Revolut Expands Merchant Payment Solutions with BigCommerce Integration

    August 23, 2024

    Trump orders tighter US curbs on Chinese investments in strategic areas

    February 21, 2025
    Weekly Top

    CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership Raises $9,353,250 on First Closing

    August 1, 2025

    Colorado’s soil health program takes a hit as the federal government pulls millions in funding from the Climate Smart Commodities grant 

    August 1, 2025

    Why finding the right property manager is a must

    August 1, 2025
    Editor's Pick

    Crypto firms made nearly half of corporate donations in 2024 election: report

    August 23, 2024

    Unite Group Acquires Empiric Student Property in Major $976 Million Deal, ET RealEstate

    June 5, 2025

    Generative AI Is Top Driver For Cloud Investments: Wipro Report

    August 14, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.