Bank of Thailand to build trial CBDC payment network
Project will see cement company using blockchain network to process suppliers’ payments
The Bank of Thailand will develop a new prototype payment system as part of its trial central bank digital currency scheme, it announced on June 18.
The central bank’s CBDC prototype will be used by the Siam Cement Group. The company uses a blockchain network developed by Digital Ventures, the fintech arm of Siam Commercial Bank, to process payments between its suppliers.
“The project scope will include conducting a feasibility study and developing a process to integrate CBDC with the business
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