Bank of Korea to launch CBDC trial for 100,000 consumers, enabling retail transactions

The trial launched by the Bank of Korea involves 100,000 consumers aimed at testing CBDC-backed deposit tokens for everyday purchases. This test will include major banks and assess functionality using QR codes.

If successful, the outcomes may significantly impact South Korea’s digital currency landscape and international digital currency policies, showcasing the advancements in retail transactions using CBDCs.