Samsung is exploring an ‘offline’ digital currency that works with Galaxy phones

Samsung is exploring an ‘offline’ digital currency that works with Galaxy phones

Source: CNBC Consumer tech giant Samsung is looking into launching a central bank digital currency in a collaboration with the Bank of Korea. The South Korean electronics firm said Monday that it had signed a memorandum of understanding with the country’s central bank to conduct technical research on the digital currency. Samsung said such a CBDC, which […]

Korea CBDC research to include 10+ banks

Original Source: Ledger Insights The Bank of Korea has completed the first and second phases of its retail central bank digital currency (CBDC) simulations and is now progressing to real-world tests involving at least ten commercial banks, Aju Economy reported. Those banks will include Shinhan Bank and NH Nonghyup Bank. The central bank plans to publish a report on […]

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