The chairman of Kazakhstan’s Nationwide Fee Company (NPC), Binur Zhalenov, has made the primary transaction with the nation’s new central financial institution digital forex (CBDC), the digital tenge. Throughout his speech on the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, in accordance to native outlet, Kapital.kz.
Zhalenov unveiled the official launch of the digital tenge on Kazakhstan’s retail market as we speak, promising the “huge platform’s growth” in 2024. Based on the official, Kazakhstan collaborated with Visa (NYSE:) and Mastercard (NYSE:), in addition to native banks, to combine the CBDC into plastic playing cards:
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