Cambodian central bank set to launch new blockchain payment system

New platform, named “Project Bakong”, will see the National Bank of Cambodia step up its blockchain offer. Project has been under development since July last year.

A leading bank in South East Asia has announced that it will set up its own blockchain-based peer-to-peer payment platform.

The National Bank of Cambodia (NBC) said it would launch the online money transfer system in the coming months.

It has been referred to as “Project Bakong”, a press release from the central bank said.

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