Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
Source: Iliya Mitskavets/AdobeCentral-Asia Country Kazakhstan has actually formally released the digital tenge job, a reserve bank digital currency (CBDC) created to streamline payments and drive financial development.According to a regional news outlet report on November 15, Binur Zhalenov, CEO of the Kazakhstan National Bank's National Payment Corporation (NPC), performed the first-ever digital tenge deal at the 11th Congress of Financiers in Almaty.
#Kazakhstan has actually formally introduced the digital tenge, with the chairman of the National Payment Corporation making the very first deal with the #CBDC.
-- Moby Media (@mobymedia) November 15, 2023Zhalenov discussed that the brand-new CBDC represents Kazakhstan's 3rd main fiat alternative, matching its physical money and non-cash ser...