Toss and Korea Minting complete blockchain payments PoC on Optimism
- —The PoC was conducted under an MOU signed in April
- —The Optimism L2 network was used to lower fees and increase speed
- —The link between blockchain records and the existing payment system was verified
- —Privacy Boost was used to protect payment data on the public network
Why it matters: The pilot prepares Toss for commercialization of digital currency and could accelerate the adoption of blockchain settlements in Korea's public payments.
Source: Digital Today