{"id":12861,"date":"2021-10-28T19:44:43","date_gmt":"2021-10-28T18:44:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12861"},"modified":"2021-10-28T19:44:52","modified_gmt":"2021-10-28T18:44:52","slug":"thailands-largest-shopping-mall-to-experiment-with-digital-currency","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/thailands-largest-shopping-mall-to-experiment-with-digital-currency\/","title":{"rendered":"Thailand’s largest shopping mall to\u00a0experiment with\u00a0digital currency"},"content":{"rendered":"\n
Central Retail Corp., a major retailer in Thailand<\/a>, is experimenting with digital currency among its employees.<\/h5>\n\n\n\n
\"Thailand's<\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

The “C-Coin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>,” a blockchain-based cryptocurrency, is being offered to 80,000 Central Retail Corp employees around the world as a bonus to their regular income as a reward for great performance.<\/p>\n\n\n\n

While C-Coin holders can use it to pay for meals and purchase goods and services from Central Retail's partners, this is simply a pilot initiative for the company. The company's long-term goal is to move toward cashless societies and to enter the e-commerce <\/a>business.<\/p>\n\n\n\n

The currency may be made available to the general public once all employees have signed up and the company has a better understanding of its success, according to Kowin Kulruchakorn, Central Tech's chief innovation officer. The C-Coin was established by Central Retail's Central Tech unit, which also maintains all of CRC's omnichannel and e-commerce technologies.<\/p>\n\n\n\n

Central Retail Corp owns more than 40 department stores and high-end retail outlets in Thailand<\/a>, making it the country's largest shopping complex owner. Central Festival, Big C Supercenter, and Seacon Square are also under its control. It owns the Italian department store La Rinascente, the Danish brand Illum, and the Vietnamese supermarket chain Big C.<\/p>\n\n\n\n

Central Retail Corp. isn't the only company in Thailand working on a digital currency. The Bank of Thailand<\/a> has declared that it is considering a central bank digital currency, according to Cointelegraph. The initial testing phase for the digital baht is planned to begin in Q2 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":13,"featured_media":12869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[717,2125],"class_list":["post-12861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-currency","tag-thailand"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/image-132.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12861"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12869"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}