Thailand Department Store Chain Is Testing Its Own Cryptocurrency

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A Thai division retailer chain is trialing its personal cryptocurrency to be used by workers with a view to providing it to clients sooner or later.

  • Central Retail Corp., Thailand’s largest procuring middle developer, is distributing its blockchain-based “C-Coin” to 80,000 workers on a advantage foundation to make use of as an alternative to money in its shops, Bloomberg reported Thursday.
  • The C-Coin could also be expanded to clients as soon as worker testing is full.
  • Kowin Kulruchakorn, chief innovation officer for Central Retail Corp.’s tech arm, mentioned plans aren’t settled as to how the coin can be distributed to clients, similar to itemizing it for buying and selling.
  • According to its web site, Central Retail Corp. operates over 2,000 shops throughout 54 provinces in Thailand, in addition to over 100 in Vietnam and 9 in Italy.

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