Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » National Bank of Cambodia Intends to Roll Out Digital Payment Network in 1Q20

National Bank of Cambodia Intends to Roll Out Digital Payment Network in 1Q20

Kelly Cromley by Kelly Cromley
Jan 31, 2020
in Market News, News
Reading Time: 1 min read
0

Bakong is the name given to the National Bank of Cambodia’s central bank digital currency, which went through pilot phase last July.

Chea Serey, director-general of the National Bank of Cambodia, stated that the system will be functional within the first quarter of 2020. Serey referred Bakong as “the national payment gateway for Cambodia.”

RelatedPosts

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

RealDID Brings Privacy-First Digital ID to Hong Kong

Gigachain Sets New Benchmark in Blockchain Computation

“Bakong will play a central role in bringing all players in the payment space in Cambodia under the same platform, making it easy for end-users to pay each other regardless of the institutions they bank with. Eventually, we hope to allow cross border payment through the Bakong system too.”

Contrary to several blockchain led cryptos, Bakong is a complete system supported by banking authorities. A software wallet associated to customer’s bank account enables them to transact with physical currency in an easy manner.

The system backs real-time dealings while the National Bank of Cambodia holds centralized documents about the movement of money. This is slightly different to Cambodia’s earlier stance on blockchain technology and cryptocurrencies.

Earlier, the country had made it compulsory for cryptocurrency business to obtain a license. In fact, a cryptocurrency exchange in Cambodia became the first crypto focused organization to receive license in August 2018.

In any case, the facility offered by a national bank to its clients to have dealings with each other using blockchain is anticipated to spur adoption.

Previous Post

Blockchain.com Starts Supporting Tukish Lira Deposits & Withdrawals

Next Post

EX-UFC Fighter Ben Askren Calls XRP a Scam

Related Posts

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

rich and vareger unite to redefine ip protection in ai era

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025
0

British deep tech firm Research Integrity Chain Ltd (RICH) has entered into a strategic agreement with Estonian technology provider Vareger...

cosmic wire and swm partner to reshape blockchain adoption

Cosmic Wire and SWM Partner to Reshape Blockchain Adoption

by Kelly Cromley
May 23, 2025
0

Cosmic Wire, a technology company specializing in blockchain memory and the spatial web, has formed a strategic partnership with Sovereign...

Next Post
EX-UFC Fighter Ben Askren Calls XRP a Scam

EX-UFC Fighter Ben Askren Calls XRP a Scam

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
gigachain sets new benchmark in blockchain computation
Market News

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
rich and vareger unite to redefine ip protection in ai era
Market News

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree