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Bank Of Cambodia Believes Blockchain Will Allow For More Financial Control

Janelle Fox

Summary: Serey Chea, Assistant Governor for the National Bank of Cambodia, stated that blockchain payments will allow for better control of finances and remittance efficiency, according to CNBC. The National Bank of Cambodia has reportedly worked with domestic blockchain payments for retail. The main interest however comes from the cross-border transaction capabilities. The National Bank of ...

Serey Chea, Assistant Governor for the National Bank of Cambodia, stated that blockchain payments will allow for better control of finances and remittance efficiency, according to CNBC.

The National Bank of Cambodia has reportedly worked with domestic blockchain payments for retail. The main interest however comes from the cross-border transaction capabilities. The National Bank of Cambodia has collaborated with the Malaysian bank Maybank on blockchain cross border payments and remittances.

By Janelle Fox

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