Cambodia Explores CBDC-Type Bakong Cross-Border Transactions By Cointelegraph


[ad_1]

Cambodia explores CBDC-type Bakong cross-border transactions

The National Bank of Cambodia (NBC) continues to make progress with its digital currency-like central bank initiative known as Bakong, disclosing several milestones of the project.

Chea Serey, Managing Director of NBC and Head of the Bakong Project noted in an interview on Wednesday with The that Bakong’s e-wallet reached 200,000 users in June, double from three months earlier. Based on blockchain technology, the Bakong payment and money transfer service has been originally launched by NBC in October 2020.

Continue reading on Coin Telegraph

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

[ad_2]

About Arla Lacy

Check Also

ALERIAN ENERGY INFRASTRUCTURE ETF REPORTS FOURTH QUARTER DISTRIBUTION OF $0.29618

DENVER, November 9, 2022 /PRNewswire/ — The Alerian Energy Infrastructure ETF (NYSE Arca: IN FR) …