NBC’s digital payments to go live in next few months

The National Bank of Cambodia (NBC) will launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, its director-general Chea Serey told The Post on Monday. Dubbed ‘Project Bakong’, the scheme already has the support of 11 banks, with many more expected to join soon, Serey said. Bakong, essentially a quasi-form of a central bank digital currency (CBDC), was launched on a trial basis in July and will be operational within the present fiscal quarter, she said. …

May Kunmakara
https://www.phnompenhpost.com/business/nbcs-digital-payments-go-live-next-few-months