Thailand’s largest shopping mall to experiment with digital currency
Central Retail Corp., a major retailer in Thailand, is experimenting with digital currency among its employees. According to a Bloomberg article, after the sandbox phase is completed, the retail giant aims to expand the service to consumers and the wider public. The “C-Coin ,” a blockchain-based cryptocurrency, is being offered to 80,000 Central Retail Corp […]
Safeguards for a future retail CBDC outlined by Thailand’s central bank
The Bank of Thailand has released the findings of a new study on how to handle the financial sector’s implications of issuing a retail central bank digital currency (CDBC). The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t […]
Stellar blockchain to host Thailand-Europe cross-border payments
Velo Labs, Tempo Payments and Bitazza, have partnered to host Thailand’s new cross-border remittance corridor which will connect it to 27 European countries and serve around 600 million customers. A new partnership between Velo Labs and two financial institutions has resulted in a $17 billion remittance corridor between Europe and Thailand, which runs parallel to […]