Samsung Electronics also participates in ‘Digital Money’ simulation test of the Bank of Korea

Seoul: Samsung Electronics will also participate in the ‘central bank digital currency (CBDC)’ simulation test research project conducted by the Bank of Korea.

According to the Bank of Korea on Wednesday, Samsung Electronics and S-Core, a subsidiary of Samsung SDS, were named as partners of Kakao consortium, which is selected as the CBDC simulation project operator.

Samsung Electronics is planning to start the simulation test research with Ground X, a Blockchain subsidiary of Kakao.