The Bank of Thailand is scheduled to launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year, allowing Thais to access more convenient and secure financial services.
Vachira Arromdee, assistant governor of the financial markets operation group at the bank, said the main objective of Retail CBDC is providing citizens with access to more convenient and secure financial services.
In addition, the development of a Retail CBDC will support a technology-led future that is efficient and cost-effective, contributing to the development of more diverse and innovative financial services, she said.
Retail CBDC is a digital form of money issued by the central bank comparable to physical banknotes and can be used in financial transactions both online and offline.
Moreover, Retail CBDC is easily portable and has the potential to be used in various…
