Thailand launches retail CBDC pilot with 2 banks and Singapore payment service By Cointelegraph
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The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.
Bank of Ayudhya (Krungsri), Siam Commercial Bank (OTC:) and Singapore-based payments service provider 2C2P will partner with the Thai central bank on the project. Each of those organizations has made an app available to selected users that includes a wallet and a QR code scanner.
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The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.
Bank of Ayudhya (Krungsri), Siam Commercial Bank (OTC:) and Singapore-based payments service provider 2C2P will partner with the Thai central bank on the project. Each of those organizations has made an app available to selected users that includes a wallet and a QR code scanner.
Continue Reading on Coin Telegraph
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