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Further Discussions => Banks & Cryptos => Topic started by: Tanimariya on June 19, 2020, 04:24:16 AM

Title: Bank of Thailand to launch prototype for digital currency payment system
Post by: Tanimariya on June 19, 2020, 04:24:16 AM

Next month, Thailand’s central bank will start work on a prototype for a payments system that uses a central bank digital currency, or CBDC.
The central bank of Thailand today announced plans to build a prototype for a payments system that relies upon a central bank digital currency.

A central bank digital currency, or CBDC, is a digital currency created by a central bank; unlike cryptocurrencies like Bitcoin, it does not run on a decentralized ledger. Central banks are interested in them because they promise lower transaction fees and fast speeds.
Read more: https://decrypt.co/32765/bank-of-thailand-digital-currency-payment-system