Samsung Plans to Test Mobile Phone Functionality With South Korea’s CBDC Pilot – CoinDesk

CoinDesk

“Samsung Electronics is reportedly going to be a part of South Korea’s central bank digital currency (CBDC) pilot project. Samsung will participate in the Bank of Korea’s (BOK) pilot program with a focus on remittances, according to a report by The Korea Times on Thursday.The electronics giant plans to test the functionality of BOK’s CBDC pilot with its Galaxy smartphone.Specifically, Samsung wants to know whether it is possible to “conduct payments via mobile phones using the digital currency with no internet availability,” according to an unnamed source, cited in the report.”