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Eurasia
17/02/2023 11:40
Soramitsu helped Cambodia launch its digital currency, called Bakong, in October 2020, the news site reminds. According to the article, BOL will use a modified version of this system to generate digital currency, which will be distributed to consumers via commercial banks.
“Laos sees digital currency as a way to make financial services more accessible. Around 70 per cent of the Laotian population has no bank account,” it writes, adding that “a digital currency is expected to let people pay at the store or transfer money by scanning a QR code on their smartphones, regardless of whether they have a bank account”.