CRYPTOCURRENCY FOR SOCIAL PROJECTS

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Own cryptocurrency of S-Coin will be launched by the city authorities of Seoul, the capital of South Korea. It is planned that S-Coin will be used in welfare payments programs. The blockchain technology will be introduced in most Seoul municipal structures such as urban transport, the allocation of youth benefits and others. The cryptocurrency will be used as payment for work in urban social welfare benefit programs for civil servants, young people looking for work, and citizens helping environmental conservation.

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