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Digital Currency will soon be used as payment in one of Thailand's Largest Shopping Center

 

More than 40 stores and high-end retail outlets are under the control of Central Retail Corp, which is the country's largest shopping center owner. Following the completion of the sandbox phase, the retail giant aims to make the service available to consumers and the general public at large. Users of C-Coin will be able to use the cryptocurrency to pay for meals as well as purchase items and services from Central Retail's partners; however, this is merely a test project at this time.

Central Retail Corp employees around the world will receive "C-Coin," a cryptocurrency powered by blockchain technology, as a reward for outstanding performance and as a bonus on top of their regular salaries as part of an incentive program that will be implemented across the company's global operations.

There are a number of organizations in Thailand that are working on the establishment of a digital currency, including Central Retail Corp. It has been reported that the Bank of Thailand has announced that it is examining the introduction of a CBDC as part of its financial reforms. The first phase of testing for the digital baht is anticipated to commence in the second quarter of 2022, with the second phase following in the third quarter of 2022.

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