Cambodia's Bakong hits an estimated 60% adoption rate as the National Bank of Cambodia expands its collaboration with global financial institutions, striking cross-border deals with Alipay and Southeast Asia.
The Solomon Islands has teamed up with Soramitsu for a CBDC exploration, with Bokolo Cash proof-of-concept eyed to enhance financial inclusivity and advance cross-border payments through blockchain technology.
Japanese firm Soramitsu plans a cross-border payment platform using stablecoins and CBDCs, targeting transactions across countries in Southeast Asia.
The proof-of-concept plan dubbed "Digital Lao Kip (DLak)" will explore the possibilities of a retail central bank digital currency existing with other payment options in Laos.
According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments apps like Alipay and WeChat Pay.
