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 […]

Bank of Korea finds performance issues with CBDC blockchain tech

Bank of Korea finds performance issues with CBDC blockchain tech

Source: Ledger Insights The Bank of Korea completed the second phase of its retail central bank digital currency (CBDC) simulations in late June and today shared the results. While it was happy with some aspects of its digital won simulations, such as using CBDC for offline payments and cross border remittances, the central bank highlighted performance issues with the […]