7-Eleven Korea Accepts CBDC Payments, Trial Period Starts on April 1 – June 30, 2025!

Jakarta, Pintu News—Shocking news from South Korea! The giant convenience store chain 7-Eleven is officially accepting payments using the central bank digital currency (CBDC) during a nationwide trial period that runs from April 1 to June 30, 2025.

This is a major step in transforming the payment system to incorporate crypto technology into everyday life. This program not only expands the use of cryptocurrency but also provides attractive incentives in the form of discounts for users.

Special Discounts for CBDC Users at 7-Eleven

According to Crypto Times, customers who pay using CBDC will get a 10% discount on all products at 7-Eleven during the trial period. According to Moon Dae-woo, head of the digital innovation division at 7-Eleven Korea, this policy is part of the company’s efforts to welcome digital transformation.

The company sees great opportunities to integrate technological advancements into its operational systems, including crypto and cryptocurrency-based payment systems.

7-Eleven’s move is also considered to accelerate the digitalization process of the retail sector in South Korea. With support from the government and central bank, large companies like 7-Eleven are expected to become pioneers in implementing centralized digital currency-based payments.

CBDCs in Korea are issued directly by financial authorities, unlike Bitcoin (BTC) or Ethereum (ETH), which are decentralized and more anonymous. With full government control, transactions using CBDCs are easier to monitor but still efficient.

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Nationwide CBDC Trial Begins

The Bank of Korea and other financial institutions, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), announced Korea’s CBDC pilot program on March 24, 2025.

100,000 Koreans aged 19 and above were selected for the program, which allows them to convert their savings balances into distributed ledger-based digital tokens. The token’s value is equivalent to the Korean Won, ensuring a stable exchange rate during the test.

Users can use their CBDC not only at 7-Eleven, but also at cafes, supermarkets, K-Pop merchandise stores, and food delivery platforms. However, the government set a maximum conversion limit during the trial period of 5 million won, or about $3,416.

Eight major banks, such as KB, Shinhan, Hana, and IBK, are participating in the distribution and management of this CBDC. The long-term goal of this trial is to form a prototype of South Korea’s future crypto-based monetary system.

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Difference between CBDC and Traditional Cryptocurrency

Although both are in the digital realm, CBDCs and cryptocurrencies such as Ripple (XRP), Pepe Coin (PEPE), or Ethereum (ETH) have fundamental differences. CBDCs are issued and controlled by the government, so every transaction can be monitored and regulated.

Traditional crypto, on the other hand, is more private and decentralized, giving users greater freedom but often under the regulatory spotlight.

CBDC is considered a bridge between conventional financial systems and blockchain-based innovations. With its ease of transactions and potential cost reduction, it is believed to support financial inclusion, especially in countries with low banking penetration.

In South Korea, this trial is also part of the country’s readiness to face the global transformation of the digital economy.

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Reference:

• Cointelegraph. 7-Eleven South Korea to accept CBDC payments in national pilot program. Accessed April 4, 2025.
• Featured Image: Generated by Ai