Seoul to Release Native City-Wide Crypto

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Gate Trade Tuesday, August 13, 2019 5


Seoul to Release Native City-Wide Crypto as Part of Smart City Development


In a bid to transform into a blockchainsmart city, Seoul, South Korea is planning to launch its own digital currency by November 2019.


To facilitate engagement in the city’s governance


As Australian finance-focused media outlet Finder reported on Aug. 7, the South Korean capital is looking to release a native city-wide digital currency dubbed S-coin, the objective of which will be to encourage citizens to participate in governance, facilitate cooperationbetween citizens and collect information.‌