Bank of Thailand publishes CBDC pilot project report, will conduct future research to enhance payment system
2024-05-09 09:45:53
The Bank of Thailand (BOT) has released a report on its retail central bank digital currency (CBDC) pilot project, which was conducted using a technology solution from Giesecke + Devrient (G + D). The project tested the digital version of the Thai baht and its potential for financial innovation, providing important lessons about the CBDC's ability to support multiple online and offline retail payment use cases. While there are no specific plans to formally issue a retail CBDC, the BOT will use the findings for future research to enhance payment systems.
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