South Korea could soon bid farewell to coins—for good

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South Korea could soon bid farewell to coins—for good

South Korea could soon bid farewell to coins—for good

South Koreans can soon say goodbye to coins jiggling in their pockets.*

The Bank of Korea launched on Thursday a project allowing people to deposit their spare change into prepaid card value.

That means they'll be able to get their change at major supermarkets and convenience stores deposited into their cards, rather than receiving physical cash.

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If the trial proves successful, the bank says it'll expand the service to more retail outlets such as supermarkets and pharmacies.

There are even plans to enable loose change to be deposited straight into bank accounts by 2018. Read more...

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