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 Tourists app.
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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 to attract new users, according to the National Bank of Cambodia.
Argentina’s CBDC project hangs in balance as nation prepares for presidential polls
The upcoming presidential elections will not only be historical for the future of Argentina but will also be pivotal in whether or not the country will go for a CBDC or rely on the U.S. dollar.