Bank of Korea adds two banks to digital won trials as real-world testing begins

The Bank of Korea has expanded its digital won trials by adding two additional banks, bringing the total to four participating institutions. This move marks the beginning of real-world testing for the central bank digital currency (CBDC) in South Korea. The trials aim to assess the functionality and potential use cases of the digital currency in various scenarios. The central bank is seeking to understand how the digital won could coexist with existing payment systems and enhance financial transactions. The initiative reflects a growing interest in CBDCs among central banks globally.

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