Cambodia Launches Blockchain-Based National Payment Gateway

In a few months, Cambodians might be able to start using a blockchain-based “national payment gateway.”

Chea Serey, the director-general of the National Bank of Cambodia, told The Phnom Penh Post that peer-to-peer payment and money transfer platform dubbed ‘Project Bakong’ was launched on a trial basis in July and is already supported by 11 banks even before it becomes operational in a few months.

The director-general stated that the plan is to have the “quasi-form of a central bank digital currency (CBDC)” function as the national payment gateway for the country.

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