Thailand starts the pilot project of retail CBDC with two banks and the Singapore payment service

This month Bank Thailand will start the pilot project retail digital currencies Central bank Russian Federation (Bank Russia) (CBDC) in regulatory sandbox. According to local mass media, three payment providers will take part in it. In the project will take part to 10 000 users, and it will last till August. Bank of Ayudhya (Krungsri), Siam Commercial Bank and the Singapore supplier of payment services 2C2P will cooperate with Bank Thailand in this project. Each of these organizations made available to the elected users the appendix which includes a purse and the QR code scanner. Krungsri will recruit in...