Cambodia to Issue Crypto
Cambodia to Issue Crypto

Cambodia to Issue Crypto

Cambodia to Issue Crypto

Venezuela issuing its Petro cryptocurrency has inspired Cambodia to release its “own cryptocurrency,” according to the local Blockchain industry, Bitcoinist reported. A press release for the country’s forthcoming ASEAN 2018 Blockchain Summit, which will take place in the capital Phnom Penh March 7, tells readers to expect a “notable” announcement regarding a new payment medium called Entapay. According to organizers, the project, once launched had the potential to “replace” payment giants such as VISA. “Entapay will be expected to become the connection between integration payment of encrypted currency and the real world. It has the great potential to even replace VISA as the new mainstream payment mode,” they claim. Venezuela’s Petro has divided sentiment both at home and abroad since it launched early February. “On February 2, the Venezuelan government began the pre-sales of a kind of digital currency called Petro. It aims to assist the country in avoiding the Western world’s economic sanctions–while providing a new channel of economic development for a country suffering from severe inflation,” the release states.

Short URL : https://goo.gl/9KTRfJ
  1. https://goo.gl/kDAgik
  • https://goo.gl/CfpJfa
  • https://goo.gl/B25cZh
  • https://goo.gl/mbqGTY
  • https://goo.gl/ZVzEhS

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Add new comment

Read our comment policy before posting your viewpoints