Central Banking

Cambodia’s blockchain payment network will go live in early 2020


The Cambodian central bank will soon launch a blockchain-based payment and money transfer platform, after completing a pilot period last year.

The peer-to-peer payment system, named Project Bakong, will begin operation in the next few months, with the support of 11 commercial banks, a spokesperson for the National Bank of Cambodia tells Central Banking.

The NBC is expected to become the first central bank to put a blockchain-based payment system into widespread use.

Other central banks

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