Cambodia chalks up 10m Bakong digital currency accounts

Central bank focuses on internationalizing its blockchain-based payment system

20231219CAMBODIA

Gov. Chea Serey says Cambodia's central bank is expanding the Bakong's cross-border payment network. (Photo by Shigeru Seno)

SHIGERU SENO, Nikkei senior staff writer

TOKYO -- Cambodia's fledgling digital currency, co-developed by a Japanese startup, has chalked up about 10 million accounts, the central bank governor told Nikkei in an interview in Tokyo.

That means about 60% of the country's population is likely able to use the Bakong, as the digital currency is called, to make payments or transfer money.

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