Kakao GroundX Selected as Experimental Operator for Bank of Korea Digital Currency Project
[Asia Economy Reporter Buaeri] Ground X, a Kakao affiliate, is developing a pilot system for the Bank of Korea's digital currency (CBDC).
According to the National Procurement Service's Nara Market on the 20th, Ground X was selected as the preferred negotiation partner with a comprehensive score of 95.3 points for the 'CBDC Pilot Research Project' commissioned by the Bank of Korea.
Competitors Naver Line Plus scored 92.7 points, and SK㈜ C&C scored 89.8 points.
Companies collaborating with Ground X include KakaoBank, KakaoPay, ConsenSys, KPMG, and S-Core.
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A Ground X representative stated, "We will develop the best platform to successfully implement the Bank of Korea's CBDC pilot system."
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