South Korea's 7-Eleven Participates in CBDC Payment Trial

According to PANews, South Korea's 7-Eleven convenience stores are participating in a central bank digital currency (CBDC) payment trial from April 1 to June 30. During this period, customers using CBDC for payments will receive a 10% discount on all products. This nationwide pilot program is led by the Bank of Korea and financial regulatory authorities, with a participation limit of 100,000 people. It involves multiple banks and retail channels, allowing users to convert bank deposits into equivalent CBDC for purchases. The initiative aims to advance the development of a prototype for the future monetary system.