Bank of Korea Partners with Samsung to Research CBDC for Offline Payments
South Korea’s central bank has reportedly partnered with Samsung to research Central Bank Digital Currency [ CBDC ] for offline payments. According to KBS World and The Korea Herald, the two sides signed a Memorandum of Understanding [MoU] at Samsung ’s headquarters in Suwon, Gyeonggi Province on Monday, May 15. Commenting on the latest development, Bank of Korea Deputy Governor Lee Seung-heon said, “It is meaningful that (the BOK) was the first to come up with the offline CBDC technology with Samsung Electronics. We hope that Korea can take the lead in offline CBDC technology through this memorandum, as central banks across the world are actively working on it.” JUST IN: South Korea's central bank partners with Samsung to research central bank digital currency (CBDC) for offline payments. — Crypto Trends (@CryptoTrends) May 15, 2023 Also Read: Crypto.com Unveils Collaboration with Samsung Samsung-BoK Tie-up to bolster the growth of global offline CBDC tech ...