Bank of Thailand Progresses With Digital Baht Tests Before Public Launch

Vachira reportedly cited the CBDC experience of China, claiming that the public rollout of the digital yuan has not affected the financial system in the country so far.

As reported, the BOT officially launched a pilot project to test its CBDC payment system in June 2020. Announcing the news, the bank said that before rolling out the system to all businesses, the digital currency needed to be tested out with large-scale enterprises.

Cointelegraph reached out to the BOT to know more information about the current status of the CBDC development. This article will be updated pending any new information.

China has been actively progressing with its CBDC project so far. On July 15, the People’s Bank of China was reported to be planning potential tests of the digital yuan on Meituan Dianping’s food delivery platform with 435 million users. Earlier in July, local e-commerce giant Meituan and video sharing website Bilibilibili reportedly joined China’s digital yuan project. (source: cointelegraph)