Bank of Korea Scales Up CBDC Pilot With Half a Million Users
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The Bank of Korea is scaling up its CBDC pilot, Project Hangang, with a massive expansion to half a million users. Phase 1 saw 81,000 wallets opened, with 42% of them actively using the CBDC. Phase 2 will move real government money, marking a significant step in the country's digital currency adoption, potentially paving the way for mainstream CBDC use.
Phase 1 of Project Hangang opened 81,000 wallets with 42% of them using the CBDC. Phase 2 is bigger, and this time it moves real government money.