Home » Cambodia to Launch Its Own Crypto

Cambodia to Launch Its Own Crypto

The Perth Mint, one of the world’s largest precious metals refiners has partnered with Security Matters to launch blockchain based gold traceability platform, dubbed trueGold. 
news - Cambodia to Launch Its Own Crypto

The National Bank of Cambodia has partnered with Japanese blockchain firm Soramitsu to launch a “quasi” central bank digital currency (CBDC) in a matter of months.

The central bank is developing  a blockchain-based P2P platform Bakong. The primary application of the Bakong project is for payments, and its mobile payments app is integrated with eleven banks. The digital wallets are linked to bank accounts, but only 20-30% of the population currently have accounts.

news - Cambodia to Launch Its Own Crypto

The central bank’s director-general Chea Serey said it eventually plans to allow cross border payments through the Bakong system. 

Bakong will eventually create financially inclusive ecosystems that all the stakeholders in the industry can benefit from,” Shin Chang Moo, the President of Phnom Penh Commercial Bank (PPCBank), told the Post.

JOIN TO OUR TELEGRAM CHANNEL

ALL THE LATEST BREAKING NEWS ON TELEGRAM

Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.

Have your say!

0 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up

ajax-loader