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Cambodia

Cambodia’s Bakong blockchain payments record 3x spike in GDP
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25 March, 2025

Cambodia’s Bakong blockchain payments record 3x spike in GDP

Launched in 2019, the blockchain payment system has gained steady traction in Cambodia’s financial system, making up 330% of the...
Cambodia advances blockchain framework; Guangzhou boosts CBDC adoption
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22 January, 2025

Cambodia advances blockchain framework; Guangzhou boosts CBDC adoption

Elsewhere, the city of Guangzhou in China has launched a new drive to expand digital yuan payments, including in public...
Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations
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24 August, 2024

Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations

The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using the Bakong...
Cambodia’s central bank uses CBDC to stifle dollarization of local economy
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13 August, 2024

Cambodia’s central bank uses CBDC to stifle dollarization of local economy

Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several government initiatives...
Tether fuels Cambodian digital marketplace that fuels ‘pig butchering’ scams
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11 July, 2024

Tether fuels Cambodian digital marketplace that fuels ‘pig butchering’ scams

Elliptic reported on Huione Guarantee, a digital marketplace that has become a hub for ‘pig butchering’ scams, and Tether's USDT...
Bakong’s adoption rate surges as Cambodia strikes more partnership deals
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30 December, 2023

Bakong’s adoption rate surges as Cambodia strikes more partnership deals

Cambodia's Bakong hits an estimated 60% adoption rate as the National Bank of Cambodia expands its collaboration with global financial...
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