The Bank of Korea will conduct real trading tests on its central bank digital currency next month

According to BlockBeats, on March 24th, the Bank of Korea announced today that as part of launching a comprehensive wholesale test of its central bank digital currency (CBDC), the bank will conduct payment usage tests on digital tokens converted from bank deposits in online and offline shopping malls. The test will start on April 1st, with up to 100000 consumers and seven major banks including National Bank of Korea, Shinhan Bank, and Hana Bank participating. During this period, consumers can use deposit tokens to purchase goods and services at multiple online and offline stores, including 7-11 Convenience Store, Jiaobao Bunko Branch, EDIYA Coffee Shop, and Modern Home Shopping Website. The maximum value of digital tokens that consumers can use will be set at 5 million Korean won (approximately $3400), and testing will continue until the end of June. (Golden Ten)