A demonstration is held in which virtual assets are actually used through credit cards.
The Korea Blockchain Coordination Association will hold a’Virtual Box Mountain (cryptocurrency) and credit card linkage demonstration’ at 2 pm on the 30th at the Diamond Hall on the 3rd floor of the conference center at the FKI Center in Yeouido.
This is the first official event established since the government’s enforcement of the Enforcement Decree of the Act on Reporting and Use of Specific Financial Transaction Information (Special Act). It plans to show a technology that enables the use of virtual assets in offline life by linking the physical cards issued by commercial bank credit card companies with virtual assets in the exchange’s electronic wallet.
The Korea Blockchain Coordination Association plans to install the’virtual asset and bank credit card linkage’ technology on the virtual asset exchange DBX so that other coins listed on the DBX exchange can be sequentially linked and used with credit cards. The first exchange coin DBXC is scheduled to be played.
It is expected to be an opportunity to use virtual assets that were traded only within a computer monitor in real life. The idea is to advance the’in-kind coin era’.
Until now, virtual asset coins have been recognized only as goods, that is, assets that are bought and sold on exchanges. The ambition is that the coin will be an opportunity to bring about’recognition as a currency, not a product’.
Park Ki-hoon, chairman of the Korea Blockchain Coordination Association, said, “The technology to link virtual currency and credit card has been applied for a patent.” I can do it.”