The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter
Cointelegraph
Published Jan 30, 2020 06:54PM ET
Updated Jan 30, 2020 08:42PM ET
The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter
The National Bank of Cambodia’s new digital currency is called Bakong.
It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational within the present fiscal quarter. Serey described Bakong as “the national payment gateway for Cambodia.”
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Written By: Cointelegraph
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