Cryptocurrency

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The National Bank of Cambodia will be launching a new digital currency called Bakong this year

Bakong is being developed as a blockchain-based, peer-to-peer platform that will have its own specially designed cryptocurrency. Unlike most blockchain-driven cryptocurrencies, Bakong is a closed system that is backed by banking authorities.
A software wallet is linked to the user’s bank account, which allows them to interact easily with hard currency. The system will support … More

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Facebook’s Libra: What’s In Store For Cambodia?

Facebook finally revealed its highly-anticipated next steps, unveiling Libra, the tech giant’s first coin cryptocurrency, on June 18.
What is Libra? 
A white paper was released, highlighting the plans that Facebook has for its latest venture. Libra presents various features that are drawing the attention of both users and big financial groups. The currency can … More

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