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South Korea to Expand Digital Payments Pilot to 500,000 Wallets

South Korea's Financial Services Commission has approved the second phase of Project Hangang, the central bank's experiment with CBDC-based digital payments. The maximum number of user wallets will be increased from 100,000 to 500,000, and the number of participating banks will be increased from seven to nine. Expanded testing...
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South Korea's Financial Services Commission has approved the second phase of Project Hangang, the central bank's experiment with CBDC-based digital payments. The maximum number of user wallets will be increased from 100,000 to 500,000, and the number of participating banks will be increased from seven to nine. Expanded testing...

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http://coinprofitnews.com broke the news on Tuesday, July 21, 2026.
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