KT Corporation which is South Korea’s largest telecoms company is set to launch a Cryptocurrency which will be called the K-Token and initially will be rolled out as a pilot project in a city called GIMPO. The intention is that K-Token will be used in shops for transaction and will enable the funds to be converted into fiat and transferred to one bank account without incurring fees using QR codes. We are seeing more and more examples of organizations using Digital assets like the K- Token powered by Blockchain technology entering everyday lives. like this are a long way from the volatile initial Crypos like Bitcoin and as importantly will be much more user-friendly to use, thus addressing two key barriers to more wide-scale adoption of Digital Assets. K-Token is an interesting experiment which if successful could be copied by towns and cities globally who want to build local communities using Digital Assets for commerce.
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