Thailand's Central Bank Is Developing a Digital Currency Based on R3 Tech - CoinDesk

in dlike •  7 years ago 

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The Bank of Thailand is developing its own digital currency, aiming to complete a first proof-of-concept by March 2019.


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Another day, another country developing its own Crypto! Thailand is where I am and its a cool place to be into crypto. Very easy to cash in and cash out even for a foreigner but new regulations just introduced limit the coins you can trade. No probs, plenty of other exchanges then transfer them in bitcoin to a thai exchange for instant cash out in cash at the bank!

What is R3 tech? I have gathered information about it. it is based on distributed ledger technology (DLT) platform developed by the enterprise-focused consortium startup R3. It facilitate the Thailand market infrastructure? its aim is to explore the potential of blockchain in facilitating cross-bank transactions.