Crypto-currency eyes Cambodia with new terminals

Cambodia is proving to be an attractive target for crypto-currencies, with one of the most recently established operators of virtual money declaring their intention to roll out terminals in Phnom Penh this year.

Officials of the foundation that founded Blackcoin, a digital-currency formed in February by a Russian developer named rat4, say they have secured the purchase of two terminals; one to facilitate exchange between US dollars and Blackcoin, and the other to make retail payments, the Phnom Penh based co-founder of the Blackcoin foundation Josh Bouw told the Post.

“We are considering giving the terminals to local currency traders – one in Central Market and the other in Tuol Tompuong,” the 23-year-old from Canada said.

The machines could be operational as early as July, Bouw added.

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Source: http://www.phnompenhpost.com/business/crypto-currency-eyes-cambodia-new-terminals