Tesla also accepts Bitcoin... Park Young-sun, "Opening the era of Seoul digital currency"

[Asia Economy Reporter Oh Ju-yeon] Park Young-sun, former Minister of SMEs and Startups and a candidate for the Seoul mayoral by-election, announced that she will enable the use of 'digital currency' as one of the means of transaction in Seoul.

Park Young-sun, a preliminary candidate for the Seoul mayor from the Democratic Party of Korea, is being interviewed on the 4th at the CH Building in Gangseo-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

On the 10th, former Minister Park said through her first 'online policy announcement,' "We will open the era of Seoul Digital Currency."

Former Minister Park referred to Tesla CEO Elon Musk's announcement to accept Bitcoin as payment for Tesla, saying, "The time has finally come," and explained, "Virtual currency is the means of transaction in the 'protocol economy' that I have been talking about."

She said, "If the plan to pay for Tesla with Bitcoin is realized, Tesla will become the first car company to sell cars using virtual assets," adding, "When virtual currency transactions using blockchain take place, a revolution in payment systems will occur, similar to how KakaoTalk's free messaging replaced paid text messages, making payment or remittance fees free."

She continued, "I have already pledged the #SeoulDigitalCurrency since 2018 and emphasized that this will create a new order in the digital economy."

Former Minister Park stated, "We will complete the protocol economy with Seoul Digital Currency," and added, "Of course, it will start in the form of a stablecoin based on the Korean won (a cryptocurrency designed to minimize price volatility)."

This content was produced with the assistance of AI translation services.