Indian Tech Firm Helping Thai Banks Develop Blockchain Settlements Infrastructure

An Indian tech firm is currently developing a blockchain settlements layer for banks in Thailand. The infrastructure will enable the participating banks to form an interbank network that will allow payment settlements using a Central Bank Digital Currency (CBDC).

Thailand is the latest in a growing list of countries actively developing financial protocols built on decentralized ledger technology (DLT). The news is yet another positive development for the Southeast Asian country in its quest to adopt cryptocurrency and blockchain technology.

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