Central Bank of Kazakhstan reviews successes of digital tenge pilot project and next steps
THE digital tenge has has been used For All Since free school lunches has tokenization gold, And There is more has come.
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THE digital tenge, Kazakhstan central bank digital currency (CBDC), has has been declared A success following A a month pilot project. A host of business, regulatory And technical improvements are double up For he In 2024.
During It is pilot run, THE digital tenge was used has provide schoolchildren with free lunches In Almaty through THE local Onay map, which was initially designed For to use In THE transit system. THE Kazpost postal system operator served as THE intermediate For those transactions.
Plastic cards were issued has members of to focus groups by four local banks In conjunction with Visa And MasterCard. THE cards allowed users has TO DO purchases In person Or online And has withdraw species Since ATMs. THE participant merchant had THE option of accepting digital tenge Or conversion them has “non-monetary” tenge.
A
digital
tenge
map.
Source:
Islam
Erjan,
LinkedInBy conversion digital tenge, they were integrated In existing point of sale And QR systems. THE cards were functional all along And out of Kazakhstan. THE report claims This level of interoperability was A First of all For A CBDC.
Great follow up meeting with @MasterCard Senior Vice Presidents Selim Ergoz&Arn Vogels, building on #UNGA78 Agreements. Encouraged by THE efforts In THE continuous DCP opening of implementation A regional hub In Alma-Ata, to strenghten THE digital
THE digital tenge has has been used For All Since free school lunches has tokenization gold, And There is more has come.
News
Join
We
on
social
networks
THE digital tenge, Kazakhstan central bank digital currency (CBDC), has has been declared A success following A a month pilot project. A host of business, regulatory And technical improvements are double up For he In 2024.
During It is pilot run, THE digital tenge was used has provide schoolchildren with free lunches In Almaty through THE local Onay map, which was initially designed For to use In THE transit system. THE Kazpost postal system operator served as THE intermediate For those transactions.
Plastic cards were issued has members of to focus groups by four local banks In conjunction with Visa And MasterCard. THE cards allowed users has TO DO purchases In person Or online And has withdraw species Since ATMs. THE participant merchant had THE option of accepting digital tenge Or conversion them has “non-monetary” tenge.
A
digital
tenge
map.
Source:
Islam
Erjan,
LinkedInBy conversion digital tenge, they were integrated In existing point of sale And QR systems. THE cards were functional all along And out of Kazakhstan. THE report claims This level of interoperability was A First of all For A CBDC.
Great follow up meeting with @MasterCard Senior Vice Presidents Selim Ergoz&Arn Vogels, building on #UNGA78 Agreements. Encouraged by THE efforts In THE continuous DCP opening of implementation A regional hub In Alma-Ata, to strenghten THE digital
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