Cambodia chalks up ten million Bakong digital currency accounts

The central bank is focusing on internationalizing its blockchain-based payment system.

Cambodia’s fledgling digital currency, co-developed by a Japanese startup, has chalked up about 10 million accounts, the central bank governor told Nikkei in an interview in Tokyo.

That means about 60% of the country’s population is likely able to use the Bakong, as the digital currency is called, to make payments or transfer money.

Governor Chea Serey also said the National Bank of Cambodia will expand a cross-border payment network for the Bakong in cooperation with UnionPay International, China’s leading card payment service, and other foreign partners.

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