By 
The Cambodian central bank digital currency has penetrated nearly half of the country’s population so far, with more efforts to boost smartphone adoption moving forward.
Source: Nikkei Asia
The central bank’s digital currency has already reached almost half of Cambodia’s 16.7-million population, including those tapped indirectly through mobile applications of partner banks.
Digital currency transactions reached 6.8 million transactions worth $2.9 billion by November, even as data show that only over a fifth of Cambodian adults have held a bank or mobile payment account as of 2017.
The National Bank of Cambodia officially launched the blockchain-based nationwide payment system dubbed Bakong in October 2020, which was recognized as one of the world’s first CBDCs.
The CBDC does not need a bank account to be used, as users only need a Cambodian mobile phone number.
Comments