Jeju Island will allow tourists to "pay with BTC for consumption": Creating a cashless international city

According to South Korean media reports, Jeju Island, a tourist mecca in South Korea, is building a payment infrastructure to facilitate payments by Korean merch tourists from China and Japan, including exchanging cryptocurrency such as BTC for local Fiat currency and completing payment through QR codes. (Summary: South Korea will allow central/local governments, universities and other institutions to open encryptionaccounts, middle-aged and elderly people are also crazy Cryptocurrency Speculation wants to earn pensions) (Background supplement: South Korea 2025 plans to implement 20% cryptocurrency profits tax, will Taiwan follow suit? South Korea's Jeju Special Self-Governing Province (Jeju Island) released a "Jeju AI/Digital Transformation Roadmap" on December 4, which includes building an infrastructure designed to allow tourists from merch countries and regions such as Taiwan, China, and Japan to complete payments using QR codes to create a cashless international city, according to local media reports. BTC can be exchanged for local Fiat Currency According to reports, Jeju Island will launch a digital simple payment system that allows tourists to be able to use virtual assets such as BTC to exchange for local Fiat Currency for spending without additional currency and cash exchange. At the same time, local medical and educational infrastructure will also incorporate AI technology, and even sports events will be combined with the metaverse, in response to Jeju Governor Oh Sie-hoon: We will spare no effort to support Jeju Island as a playground for digital innovation. Jeju Island introduced cryptocurrency and non-fungible token to the tourism industry In fact, as early as July this year, Jeju Island Governor Oh Yee-hoon predicted that Jeju Island intends to carry out digital transformation and introduce cryptocurrency and non-fungible tokens into the local tourism industry: Energy transformation and digital transformation are important tasks for Jeju in the future, and now is the time to introduce non-fungible to Jeju's tourism industry It's time for Token and Virtual Money. Through this, we can open up a new market, which is a must. At present, Jeju Island has said that it will introduce Virtual Money such as BTC into the local payment system, and what kind of scene Non-fungible Token will meet tourists in the future is also worth our continued follow. Related reports South Korea's largest encryption venture capital broke the news: the government is expected to open institutions to invest in Cryptocurrency, allowing domestic launch coin Korean Internet celebrities to sell shitcoins to attract $210 million, 620,000 subscribers Youtuber's home is full of money, the mastermind of the fraud group BTC Korean market rare "1% discount" indicates that BTC reversal is coming? "Jeju Island will open up tourists to "BTC payment consumption": building a cashless international city" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".