TrueMoney Expands Thai Baht TrueMoney Phase 2 Testing

Post Today•Economy•4d ago

Reader Briefing

TrueMoney has launched Phase 2 of its Thai Baht TrueMoney (THBT) project, increasing participants to 20,000 people.

•TrueMoney expanded the Thai Baht TrueMoney (THBT) test to Phase 2 with 20,000 Thai and foreign participants.
•The project operates under the Bank of Thailand's Enhanced Regulatory Sandbox and the SEC's Digital Asset Regulatory Sandbox.
•THBT is a digital value unit pegged 1:1 to the Thai Baht developed to study blockchain payment applications.
•Participants can now exchange THBT for 6 different digital currencies pegged to the US Dollar, Euro, Singapore Dollar, Australian Dollar, and Thai Baht.

•TrueMoney expanded the Thai Baht TrueMoney (THBT) test to Phase 2, increasing the number of participants to 20,000 people including Thai and foreign users.
•The project is conducted under the Programmable Payment test within the Enhanced Regulatory Sandbox of the Bank of Thailand and the Digital Asset Regulatory Sandbox of the Securities and Exchange Commission (SEC).
•THBT is a digital value unit that maintains a 1:1 value ratio with the Thai Baht.
•TrueMoney increased the exchange options for THBT holders from 1 digital currency to 6 digital currencies pegged to the US Dollar, Euro, Singapore Dollar, Australian Dollar, and Thai Baht.
•Participants manage THBT via the TrueMoney application for services such as buying discount coupons and exchanging digital currencies through Ascend Bit.
•Apinant Dabphet stated that the expansion to Phase 2 aims to increase opportunities to study payment technology potential on Public Blockchain through actual usage.
•The expansion is intended to study the interoperability of digital value units on Public Blockchain within diverse contexts.

Full article content is available on the original source.

TrueMoney(ทรูมันนี่)ℹ️

A company expanding the Thai Baht TrueMoney (THBT) project to Phase 2.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The entity providing the Enhanced Regulatory Sandbox for the Programmable Payment test project.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The entity providing the Digital Asset Regulatory Sandbox for the project's operations.

Ascend Bit(แอสเซนด์ บิท)

The service provider for digital currency exchanges under the SEC's Digital Asset Regulatory Sandbox.

Ascend Bit Company Limited(บริษัท แอสเซนด์ บิท จำกัด)

The company where Apinant Dabphet serves as Managing Director.

TrueMoney Company Limited(บริษัท ทรูมันนี่ จำกัด)

The company where Apinant Dabphet serves as Growth Director of Wallet Platform.

Apinant Dabphet(อภินันท์ ดาบเพ็ชร)

Managing Director of Ascend Bit Company Limited and Growth Director of Wallet Platform at TrueMoney Company Limited.