Cambodia's central bank has revealed plans to continue to develop interbank payment solutions using blockchain.
The bank's director general, Chea Serey, has now indicated that that work will continue, telling The Phnom Penh Post:
That said, she reportedly stressed that the central bank isn't looking to develop its own cryptocurrency – rather, it is viewing the tech (for now, at least) squarely through the lens of interbank payments.
This approach, Serey explained, would help provide "smooth, efficient, safe and affordable interbank transactions which will ultimately benefit end users".
According to the report, the central bank is utilizing Hyperledger Iroha, one of the blockchain initiatives under the umbrella of the Linux Foundation-led Hyperledger project. Iroha was developed by Soramitsu, along with tech firms Hitachu and NTT Data, and blockchain startup Colu.
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Cambodia National Bank image via Maurizio Biso/Shutterstock.com
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