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Summary of Is Cambodia's Bakong the future of digital currencies?

  • The National Bank of Cambodia launched its digital currency, Bakong, in October 2020.
  • Almost 200,000 people use its digital wallet, and almost 6 million have benefited through the use of connected banking apps.
  • Bakong shows how both financial institutions and end users can benefit from the scalability, inclusivity and cost-efficiency of systems like this.

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World Economic Forum
World Economic Forum
The international organization for public private cooperation. #wef22
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