On 29 October 2020, South Korea’s Busan Bank (BNK) unveiled a blockchain-based digital wallet to support digital voucher services. The types of vouchers provided include subsidies issued by public institutions and employee welfare points.
For voucher issuers, they can set rules such as where the vouchers can be spent and during what period. The current voucher status is available to view on the blockchain.
The digital wallet is accessible through BNK’s app and a QR code enables users to make payments at affiliated stores or gift the vouchers to others.
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