Currently, governments of different countries are gradually issuing their own digital currencies, such as China, Sweden, France, and soon Thailand will have a digital currency for citizens. It will add to the existing payment options. does not come as a replacement, causing any choice to be lost
Digital baht Officially known as the Central Bank Digital Currency (CBDC) or Digital Currency Electronic Payment (DCEP) issued by the Central Bank of Thailand (BOT), the digital currency is called the digital baht and because the digital baht is money. TRUE but in the form of digital that cannot be touched (Not in the original form of cash or banknotes), so it has the same value as banknotes, for example 100-baht cash equals 100 digital baht, etc.
Digital baht differs from cash in the form of banknotes and coins. Usually, when using cash, you must withdraw your deposits to make payments through your hands. which is different from the digital baht which has nothing to be touched but is money issued by the central bank It can be used to pay off legal debts and have government assets backed up like cash.
Therefore, before it can be used, deposits/cash must be redeemed and stored in a digital wallet. For example, if you want 100 digital baht, you need to bring cash or deposit 100 baht and store it in an application on your smartphone. which the bank or a financial service provider licensed by the Bank of Thailand is in charge But without a smartphone Internet or deposit accounts with financial institutions It can still be accessed, for example, through a card that is used to tap to receive payments.
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