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According to Techub News and reported by Cointelegraph, South Korea's 7-Eleven convenience stores are participating in the testing phase of the country's CBDC project and will accept CBDC payments before June. During the testing period, this convenience store chain will offer a 10% discount on all products purchased with CBDC. Moon Dae-woo, head of the digital innovation department at 7-Eleven, stated that the company is working to integrate advancements in digital technology into its operations.
Many stores will participate in the CBDC testing phase in South Korea, which will last from April 1 to June 30. The project also involves 100,000 participants who will be allowed to use the central bank-issued CBDC for test payments.