Laotian CBDC proof-of-concept project to launch using system pioneered in Cambodia
Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department to launch a digital form of the Lao kip, called the DLak.
The DLak would be instantly converted to fiat by a commercial bank, making it possible for sellers to receive payment in real-time.