Kazakhstan Makes First Transaction With Country's New CBDC Launch

2023-11-16 11:06:43

Kazakhstan Makes First Transaction With the Launch of Digital Tenge

Kazakhstan’s National Payment Corporation (NPC) Chairman, Binur Zhalenov, conducted the first transaction with the central bank digital currency (CBDC), known as the “digital tenge.” The digital currency is now officially launched on the retail market, with plans for further development and integration into plastic cards.

Zhalenov highlighted the collaboration with Visa and Mastercard and emphasized the CBDC programmable potential for various financial applications.

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