And so...The Bank of Korea is planning a "cashless society" by 2020. If a shopper buys a 9,500 won item and pays with a 10,000 won banknote, for instance, the shopper will be credited 500 won to his or her prepaid card instead of getting a 500 won coin in change.
The move comes from the expectation that a cashless society will partly solve the problem of the underground economy, according to Kwak Hyun-soo, an analyst at Shinhan Investment Corp.
The great experiment begins.
If Bitcoin was able to dominate America so quickly, there's a chance this might make it.