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The service uses RippleNet to create a payments corridor between banks in Cambodia and Vietnam.
As a little girl, Her Excellency Serey Chea was obsessed with “The X-Files” television program and the idea that we are not alone in this universe. Fascinated by the extraterrestrial and outer space, she dreamed of becoming an astronaut.
In this week's episode of "Money Reimagined," Michael Casey and the World Economic Forum's Sheila Warren explore what central bank digital currencies (CBDCs) and the technology behind them can do for people at the grassroots level.
The National Bank of Cambodia revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this week.
The National Bank of Cambodia (NBC) is readying a central bank digital currency (CBDC) to be launched at some point during the current fiscal quarter.
Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done.
Authorities in Cambodia have announced that domestic investors are now required to obtain a license in order to purchase, sell or trade cryptocurrencies – activities that would be otherwise regarded as illegal.