The Central Bank of Cambodia officially launched the state digital currency

The Central Bank of Cambodia officially launched the state digital currency Bakong, The development of which was conducted with the participation of the Japanese company Soramitsu.

Digital currency Bakong, supporting transactions with the dollar and Cambodian Reele, I have to make a payment The Cambodia system is more efficient and modern. Citizens of the country can exchange digital currency using mobile applications on smartphones.

Digital currency developers emphasized, that not all residents of Cambodia have access to banking services, But cellular communications and smartphones are even in the most remote corners of the country. The launch of Bakong is especially important due to the coronavirus epidemic.

"I hope, that the official launch of the Bakong system will help improve the social welfare of our citizens, and also prevent the distribution of COVID-19 by simplifying electronic payments and cash refusal ", - said Chea Sergei (Chea Serey), General Director of the National Bank of Cambodia.

About that, that the Central Bank of Cambodia is developing its own digital currency, It became known at the beginning of this year. Expected, that state cryptocurrency will help the development of small business due to a decrease in costs, and also reduce the risk of infection Covid-19 through cash.