South Korea Moves to Replace Government Cards With Blockchain Deposit Tokens

TLDR: South Korea’s Ministry of Finance will pilot blockchain deposit tokens for government expenses in Q4 2026. Deposit tokens allow preset spending rules, removing the need for after-the-fact transaction reviews by officials. Direct payments via deposit tokens eliminate third-party processors, cutting transaction fees for small businesses. Sejong City serves as the launch point, with a [...]

The post South Korea Moves to Replace Government Cards With Blockchain Deposit Tokens appeared first on Blockonomi.