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HomeNewsCambodia Is Set To Launch A National Blockchain-Powered Digital Currency

Cambodia Is Set To Launch A National Blockchain-Powered Digital Currency

Called “Project Bakong”, the product and its platform will be powered by a blockchain and will be peer-to-peer. Speaking to the Phnom Penh Post, the director-general of the NBC Chea Serey revealed these details and many more.

She also described it as “the national payment gateway for Cambodia”, adding that there are plans for Bakong in the future, to power cross-border payments as well.

Last month, China announced that a pilot test of its CBDC was due to begin soon.

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