Ground X will develop a model for South Korea’s state cryptocurrency

Ground X will develop a model for South Korea’s state cryptocurrency

The Bank of Korea has announced the winner of the tender among technology providers for the state cryptocurrency. Ground X received $ 4.4 million to develop a digital won model. According to the Korea Herald, South Korea’s central bank has selected Ground X, a subsidiary of national tech giant Kakao Corp., to participate in a government-owned cryptocurrency pilot program. Ground X participated in the tender with Line Plus, a subsidiary of Naver, and SK C&C,…

Doctors in Shenzhen will receive insurance payments in digital yuan

Doctors in Shenzhen will receive insurance payments in digital yuan

The People’s Bank of China (PBOC) and insurance giant Ping An are leveraging the digital yuan to compensate healthcare workers in the Nanshan District of Shenzhen City affected by the coronavirus. Employees of hospitals and clinics in Nanshan District will enter into insurance contracts with Ping An. According to this agreement, if they are diagnosed with COVID-19, they will receive a certain amount in digital yuan in their electronic wallet. In the event of the…