PANews, June 22 – According to ET News, South Korea's central bank digital currency (CBDC) experiment is advancing to a new phase, which will involve integration with commercial banks' actual account systems. Participating banks are currently building the necessary infrastructure based on Naver Cloud within a test environment designated by the central bank. The infrastructure includes e-wallets for customers and merchants, a voucher system for executing fiscal fund payments, digital currency management tools, and a blockchain integration module. The system will ultimately be integrated with the banks' core account ledgers and smart banking services.
Bank of Korea’s CBDC to Integrate with Commercial Bank Account Systems
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
PANews App
24/7 blockchain news tracking and in-depth analysis.



