Central Retail Corp., a large Thai retail company, has announced a trial of its virtual currency “C-Coin.”
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Central Retail Corp., a starring steadfast successful Thailand's retail industry, is investigating a integer currency among its employees. After the sandbox signifier is finished, the retail elephantine plans to widen the work to customers and the wide public, according to a report by Bloomberg.
The “C-Coin,” a blockchain-powered cryptocurrency, is being offered to 80,000 Central Retail Corp employees astir the satellite arsenic a reward for exceptional show arsenic a bonus to their accustomed salary.
While holders tin usage C-Coin to wage for meals and bargain items and services from Central Retail's partners utilizing it, this is conscionable a trial task for Central Retail Corp. The semipermanent nonsubjective of the steadfast is to modulation towards cashless societies and task into the e-commerce industry.
According to Kowin Kulruchakorn, Central Tech's main innovation officer, the currency whitethorn beryllium made disposable to the wide nationalist erstwhile each employees person signed up and the steadfast understands much astir its performance. Central Retail's Central Tech is the portion that created the C-Coin and manages each of CRC's omnichannel and e-commerce systems.
Central Retail Corp is Thailand's biggest buying promenade owner, comprising much than 40 section stores and high-end retail outlets. It besides operates Central Festival, Big C Supercenter and Seacon Square. Outside Thailand, it runs the Italian section store La Rinascente, Danish marque Illum, and Vietnam's Big C supermarket chain.
Central Retail Corp. is not the lone entity processing a integer currency successful Thailand. As reported by Cointelegraph, the Bank of Thailand announced that it is considering a cardinal slope integer currency. In Q2 2022, the archetypal investigating signifier for the integer baht is acceptable to commence.