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The central bank is exploring offline crypto payments through Samsung's Galaxy smartphone range.
The central bank is exploring offline crypto payments through Samsung's Galaxy smartphone range.
"If the pilot is successful, South Korea will be one of the first countries to offer a CBDC alternative to services like Apple Pay and Google Pay, which enable contactless phone payments without the need for an internet connection." Indeed countries will start waking up when they realize how much value is lost to payments system operators just because they enable transactions, and also power and influence over marketspaces.
"If the pilot is successful, South Korea will be one of the first countries to offer a CBDC alternative to services like Apple Pay and Google Pay, which enable contactless phone payments without the need for an internet connection." Indeed countries will start waking up when they realize how much value is lost to payments system operators just because they enable transactions, and also power and influence over marketspaces.
The pilot program aims to ascertain whether it’s “possible to conduct payments via mobile phones using the digital currency with no internet availability,
The pilot program aims to ascertain whether it’s “possible to conduct payments via mobile phones using the digital currency with no internet availability,
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