Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tnoy30 on June 22, 2020, 06:33:39 PM
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The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC).
The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, and its suppliers.
The bank said the digital currency prototype is being developed by Digital Ventures, a fintech-facing venture capital wing of the Siam Commercial Bank that invested in Ripple in 2016.
Rean on: https://www.coindesk.com/thai-central-bank-taps-cement-company-for-first-digital-currency-payments