BoT says prototype corporate CBDC boosted efficiency

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Thailand’s central bank found that its prototype blockchain-based central bank digital currency (CBDC) has enhanced efficiency for corporate payments, it announced on March 8.

The Bank of Thailand report presents the results of the prototype CBDC that it initiated in June last year, working with a large non-financial firm. The BoT said the findings from this experiment would inform its future decisions on CBDCs.

The project is an expansion from the central bank’s previous Project Inthanon

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