Project Inthanon: Thailand’s Central Bank Digital Currency

The central bank of Thailand is developing a prototype digital currency for trading. The central bank expects to complete the first phase of their proof of concept by March 2019. The goal is to use the digital currency to facilitate interbank transfers in the wholesale funds market.

According to the press release, the ultimate goal of the new digital currency is to “enhance efficiency of the Thai financial market infrastructure”.

The official statement from the central bank of Thailand is found here: