Details have emerged of a new digital currency to be issued by the central bank of Thailand – it’s built on an open source blockchain eerily reminiscent of the popular banking ledger developed by Ripple Labs. It was first teased in June by Bank of Thailand (BOT) governor Veerathai Santiprabhob, who cited a need to develop to meet demand for faster transactions across banking networks. Dubbed Project Inthanon, its mission is to create “a new way of conducting interbank settlement using wholesale central bank digital currency.” Well, now we know specifics. It’s called Central Bank Digital Currency (CBDC) and it’s being…

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