National Bank of Cambodia Looking to Implement Cross-border Blockchain Payments

In an interview with CNBC, Assistant Governor of National Bank of Cambodia, Serey Chea, said that her country is experimenting with the blockchain payment system. She expressed hope that in the future, the country will implement the open ledger technology to enhance efficiency and reduce transactional cost.

Chea especially emphasized the importance of payment through blockchain technology in cross-border transactions. Although the country has been experimenting with blockchain payments in its domestic retail sector too, the primary focus of the blockchain payment will be on the sending and receiving payments from abroad.

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