Samsung and Bank of Korea Partner for In-Depth Offline CBDC Payments Research

Samsung Electronics and the Bank of Korea have inked a partnership to research Central Bank Digital Currency (CBDC) technology that could facilitate offline transactions. On Monday, the two companies signed a memorandum of understanding at Samsung's headquarters south of Seoul, according to a report by The Korea Herald. The collaboration aims to eliminate the reliance on the internet and introduce a new phase of smooth offline transactions....