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Further Discussions => Blockchain Technology => Topic started by: Dociko on October 30, 2020, 06:29:13 PM

Title: Cambodia launches inter-banking platform that runs on blockchain
Post by: Dociko on October 30, 2020, 06:29:13 PM

Amid a global race toward central bank digital currencies, or CBDCs, Cambodia officially launched a blockchain-based platform for digital money transactions called Bakong.

"Bakong, a payment and money transfer service through banks or microfinance institutions, was established under the initiative of the National Bank of Cambodia," said an article from Dap-News on Oct. 28. The Asian country's central bank collaborated with a number of entities on the project.
Details: https://cointelegraph.com/news/cambodia-launches-inter-banking-platform-that-runs-on-blockchain

Title: Re: Cambodia launches inter-banking platform that runs on blockchain
Post by: Baroksz on November 08, 2020, 10:58:00 PM

The National Bank of Cambodia in Phnom Penh will release Bakong in 2020.
The National Bank of Cambodia uses blockchain to keep a centralized record of payments, so that it will all be one of the first central bank digital currencies and will support direct or real-time financial transactions. The National Bank of Cambodia will keep a centralized record of these payments, so that they are fully traceable.