Cambodia launches its CBDC a little different from others

The National Bank of Cambodia has announced the launch of "Bakong", a Cambodian CBDC that it will not issue directly. Bakong uses a mobile application to allow users to make transfers and payments via QR codes or phone numbers in KHR or USD. Cambodia is now the second country in the world to launch a CBDC after the Bahamas, ahead of Japan and China, whose CBDC trials are planned and underway...