Bank of Korea pilots central bank digital currency

Published

3 years ago

August 16, 2021

Anthony Lucas

The Bank of Korea is piloting a central bank digital currency, or CBDC, through the Samsung Galaxy smartphones

The Bank has announced it would hold a bid to select its technology supplier for the CBDC back in May.

And after consideration, it awarded the contract to Ground X, whose Klatyn platform will host the CBDC.

How Samsung Will Help The Bank Of Korea With CBDC Development / Started by the end of July 2021, the Bank Of Korea central bank digital currency (CBDC) project has been gaining traction. Per a report by the Korea Times, the project will be aided by electronics company Samsung.
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— Nohemi Cruz Muñoz (@Nohemi2621) August 14, 2021

The pilot program aims to see whether it is possible to conduct payments via the mobile phones, using the digital currency with no internet availability.

The Bank of Jamaica also recently revealed plans to do something similar.

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Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.