South Korea To Use Blockchain To Collect Highway Tolls

South Korean highways could see blockchain-based toll booths before the end of the year

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KEB Hana Bank, one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. With KEB’s smartphone banking app Hana One Q, the partnership will aim to allow drivers to choose to defer toll payments, pay in a lump sum or receive refunds. This will be done through a smart card, a credit card or cash at toll points across the country.

Motorists will be able to sign up quickly through the bank’s app in a new registration field, Crypto News reported.

Meanwhile, crypto scammers have reportedly been impersonating the Polish Financial Supervision Authority (PFSA), the watchdog said.

By PYMNTS(2020.08.09) South Korea To Use Blockchain To Collect Highway Tolls
retrieved from https://www.pymnts.com/blockchain/bitcoin/2020/bitcoin-daily-south-korea-use-blockchain-collect-highway-tolls-polish-financial-watchdog-warns-fake-crypto-scams/

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