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Thai central bank to roll out digital foreign money cost system – Xinhua

by CBDC Insider Staff
September 19, 2020
in Asia, Business
Reading Time: 1min read
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Thai central bank to roll out digital foreign money cost system – Xinhua
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BANGKOK, Sept. 18 (Xinhua) — The Thai central bank governor on Friday stated in a fintech discussion board that his workforce is within the midst of trialing a prototype cost system for companies utilizing the Central Bank Digital Forex (CBDC).
“The Bank of Thailand (BoT) is now conducting take a look at runs to combine CBDC with firms’ cost platforms,” stated Veerathai Santiprabhob, BoT governor.
Talking on the “Bangkok FinTech Honest 2020” on Friday, Veerathai stated the central bank locations significance in enhancing competitiveness amongst worldwide gamers, because the world is now shifting in the direction of a digital age.

Continue read: https://fintechzoom.com/fintech_news_payment-systems/thai-central-bank-to-roll-out-digital-currency-payment-system-xinhua/

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