Officials in Gyeongsangbuk-do will partner with blockchain startup Orbs to create Gyeongbuk Coin, which it will roll out to consumers in lieu of the existing “Hometown Love Gift Cards.”
Gyeongsangbuk-do includes South Korea’s fourth-largest city, Daegu, with Gyeongbuk Coin set to see merchant acceptance across the region.
As Cointelegraph continues to report, South Korean legislators are moving ever closer to wider integration of cryptocurrency nationwide.
According to the media, the provincial government plans to release 100 billion won ($90 million) worth of Gyeongbuk Coin per year.
We just sent you an email. Please click the link in the email to confirm your subscription!
OKSubscriptions powered by Strikingly