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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Will Australia’s foreign investment rule create an economic boost?

Published

4 days ago

May 8, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

6 days ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

6 days ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured