Cambodia explores cross-border transactions of CBDC-like Bakong
Cointelegraph
Published Aug 06, 2021 08:15AM ET
Updated Aug 07, 2021 10:20AM ET
The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency- (CBDC)-like initiative known as Bakong, disclosing several project milestones.
NBC’s director general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June, doubling from three months earlier. Based on blockchain technology, the Bakong payment and money transfer service was originally launched by the NBC in October 2020.
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Written By: Cointelegraph
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