Cambodian digital currency bakong amps up use case with Alipay agreement

by Aurelia Butler 20 November 2023, 22:20 119 Views

The bakong service operates by the NBC on a blockchain, but it is not a central bank digital currency (CBDC), as the currency is a liability of the commercial banks that use it. The bakong enables both United States dollar and Cambodian riel accounts. The Cambodian economy is heavily dollarized.

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Source: Cryptocurrency - investing.com

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Cambodian digital currency bakong amps up use case with Alipay agreement

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