Bank of Thailand just announced a project to develop a prototype system for a CBDC issued on a blockchain, accessible to businesses.
This is meaningful to me for two reasons:
- I was part of the original team that created the Inthanon series of projects in 2018, and it’s great to see that these early pioneering efforts continue to be built upon.
- I think that they have hit the near-term sweet spot for programmable money. They really seem to get it.