7-Eleven South Korea to accept CBDC payments in national pilot program
7-Eleven is participating in the country’s CBDC test phase, which started on April 1 and will end on June 30.
South Korea’s 7-Eleven stores will accept payments in the country’s central bank digital currency (CBDC) until June, as the retailer participates in the test phase of its CBDC project.
The convenience store chain will reportedly provide a 10% discount on all products paid for with CBDC during the test period. According to Moon Dae-woo, head of 7-Eleven’s digital innovation division, the company is making an effort to incorporate digital technology advancements in its operations.
The executive added that the company’s participation in the CBDC test will help accelerate the firm’s digital transformation.
