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Bangkok Post
Bangkok Post
Business

Krungsri upbeat on digital baht

Krungsri CBDC the Bank of Thailand

The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.

The central bank is collaborating with Bank of Ayudhya (Krungsri), Siam Commercial Bank (SCB), and 2C2P (Thailand) Co to test the retail CBDC.

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