News Forum - Thailand banks team up for digital revolution: Collaboration to launch retail CBDC

[Thaiger]

The Bank of Thailand is collaborating with three payment service providers, Bank of Ayudhya (Krungsri), Siam Commercial Bank (SCB), and 2C2P (Thailand) Co, to develop and launch its retail central bank digital currency (CBDC). The new financial infrastructure aims to enhance the convenience and efficiency of financial transactions while reducing costs. The testing of the … …

The story Thailand banks team up for digital revolution: Collaboration to launch retail CBDC as seen on Thaiger News.

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[ShibaBud]

CBDC offers convenience BUT like others, it is subject to abuse & control....

* it's programmable (can easily be manipulated to comply with government edicts)

* It is as easy to debit an account as to credit it. Nobody checks the balance by the minute. Therefore by the time we realize money has been quietly removed, will be very difficult to resolve. (Before some sneer at this, do they know that people have seen money missing from their conventional bank accounts, and the banks cannot explain it. Cyber thieves are very sophisticated.)

CPA (Certified Public Accountant) Lena Petrovka gives balanced info on the difference between CBDC & bank accounts.

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