{
  "id": 8175669,
  "title": "Toss tests blockchain system for public payments",
  "url": "https://urgent.news/2026/09/18/toss-tests-blockchain-system-for-public-payments-8175669",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:07:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20260918/toss-tests-blockchain-system-for-public-payments"
  },
  "original_language": "en",
  "account": "Korea's leading digital platform, Toss, has concluded a proof of concept in collaboration with the government's Korea Minting, Security Printing and ID Card Operating Corp. The joint effort aims to create a blockchain-based system for public payments, connecting digital currency with existing payment methods. This development comes after the two entities signed a memorandum of understanding in April, focusing on the viability of blockchain-based digital currency within the public payment infrastructure. Toss and Korea Minting, Security Printing and ID Card Operating Corp. established a distinct testing environment to examine the use of local love gift certificates. They successfully implemented the complete payment process, from the initial charging of gift certificate tokens using blockchain-based digital currency, through to actual transactions and merchant settlements. The system leverages Optimism, an Ethereum layer 2 network, to efficiently process transactions while maintaining links with existing payment systems. Additionally, the companies tested Privacy Boost, a privacy solution intended to safeguard sensitive transaction data from public blockchain exposure during payments.",
  "summary": "Toss, Korea’s dominant financial super-app, has completed a proof of concept with the state-run Korea Minting, Security Printing and ID Card Operating Corp. for a blockchain-based public payment infrastructure connecting digital currency with existing payment systems, the companies said Friday. The project follows a memorandum of understanding signed in April and examines whether blockchain-based…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Toss tests blockchain system for public payments",
        "url": "https://urgent.news/2026/09/18/toss-tests-blockchain-system-for-public-payments",
        "published": "2026-09-18T04:57:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}