7-Eleven Accepts Bank of Korea’s Digital Currency in Limited Trial
7-Eleven stores in South Korea are now accepting the Bank of Korea's central bank digital currency (CBDC) in a pilot program that runs through June.
- The initiative is part of the "Hangang Project," allowing customers with accounts at seven partner banks to use a QR code for payments.
- Participating banks include Kookmin, Shinhan, and Woori.
- Customers receive a 10% discount on all products purchased with the CBDC during the trial.
- This pilot marks one of the first real-world tests of a CBDC in retail in South Korea.
- The Bank of Korea's governor emphasized the urgency of introducing a CBDC.
Moon Dae-woo from 7-Eleven stated that this test supports the company's digital transformation efforts.