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Bank of Cambodia: We’ll Allow More Control with Blockchain Payments

Published 10/22/2019, 06:25 AM
Updated 10/22/2019, 06:41 AM
Bank of Cambodia: We’ll Allow More Control with Blockchain Payments

Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22.

Chea said that the National Bank of Cambodia has experimented with domestic blockchain payments for retail, but the main interest is testing them for cross-border transactions. She noted that the institution has been collaborating with Malaysian bank Maybank.

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