News Forum - Leading Thai shopping centre developer exploring cryptocurrency rollout

[Thaiger]

Thai retailer Central Retail Corp is piloting a digital currency based on blockchain technology, which it is currently rolling out to employees around the world. Bloomberg reports the cryptocurrency, dubbed “C-Coin”, is being distributed to Central’s 80,000 global employees on merit, in addition to their usual compensation, with it able to be used in place of cash at restaurants or to make purchases from partners under the retailer. Central is exploring potential to expand the offering to the public following completion of the sandbox phase. With the retailer currently assessing the performance of the currency, Central Tech chief innovative officer […]

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[palooka]

following completion of the sandbox phase.

Funny, I lost interest in the story after reading this.

[gummy]

Well if this company with their connections are looking into it then watch out , what can be said on here as to the reasons ?

[Fanta]

Just a scam to get people to buy shopping vouchers. Only a fool would trust a cryptocurrency from Thailand. 

[AlexPTY]

nice, didn't they just had a guests personal data breach at CHR?

[gummy]

2 minutes ago, AlexPTY said:

nice, didn't they just had a guests personal data breach at CHR?

Don't worry about, could happen to anyone 

[Jason]

Wth Thailand's preoccupation with cash, I don't see this taking off in a big way. Thais seem reluctant to even use and ATM Card and tap and go. Cash is still king on the streets.

[gummy]

41 minutes ago, Jason said:

Wth Thailand's preoccupation with cash, I don't see this taking off in a big way. Thais seem reluctant to even use and ATM Card and tap and go. Cash is still king on the streets.

This may be true so far but with the Central family falling over backwards to protect their pseudo monopoly then what better way to give presents to certain people to protect that position than a crypto currency, so favoured by all of the worlds underworld and other dubious folk by all accounts.