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Cryptopolitan 2019-10-18 08:15:50

Cambodia testing wallet on DLT for cross border payments

The Central Bank of Cambodia is now testing a wallet on digital ledger technology, DLT for cross border payments. The bank aims to move towards the reduction of the cost of payments made across borders. They are now considering the extent to which their virtual wallet, the Bakong might be of use. Generated by the Hyperledger Iroha, Bakong itself was initiated during July of ­this year, now accepting a user interface from over 8 separate banks, along with the country’s largest commercial bank with an asset range of over five billion dollars ($5B) namely, ACLEDA. Need to implement DLT for

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