1/ 🧵 Bank of Korea has decided to launch the CBDC pilot program and they are planning on releasing the pilot among the 100k citizens at the start before final release.
1/ 🧵 Bank of Korea has decided to launch the CBDC pilot program and they are planning on releasing the pilot among the 100k citizens at the start before final release.
2/ 🧵 The pilot for the CBDC would be running for the 3 months in next year and at the end of that there would be an update. Before they can finally release the CBDC out.
3/ 🧵 South korea already has the variety of the digital voucher and transaction system but the blockchain and the CBDC is meant to solve some fo the tough issues in the payment systems.
4/ 🧵 Check out how the Bank of Korea is planning on launching the CBDC pilot program.
https://inleo.io/@esmeesmith/bank-of-korea-launching-cbdc-pilot-with-100k-invite-citizens