Cambodia Central Bank Launches Bakong Blockchain

Cambodia Central Bank Launches Bakong Blockchain

The post Cambodia Central Bank Launches Bakong Blockchain appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

According to Cambodia’s central bank, the country’s blockchain-based payment infrastructure, dubbed “Bakong” by Cambodian central bankers, went online earlier this year. The launch provides residents with a state-authorized platform for performing immediate mobile payments using QR codes and cellphone numbers that connect digital wallets via a blockchain. Bakong, built by Japanese technology company Soramitsu, is …