Thai retailer Central Retail Corp is piloting a digital forex based on blockchain technology, which it’s currently rolling out to employees around the globe. Bloomberg reviews the cryptocurrency, dubbed “C-Coin”, is being distributed to Central’s eighty,000 global staff on advantage, in addition to their ordinary compensation, with it able to be used instead of money at restaurants or to make purchases from companions beneath the retailer. Central is exploring potential to broaden the providing to the public following completion of the sandbox part.
With Before assessing the efficiency of the foreign money, Central Tech chief revolutionary officer Kowin Kulruchakorn advised Bloomberg reporter that the country plans to “enhance” the C-Coin after utilizing it throughout the Central community. As to how the tokens would be publicly distributed, along with if they’d be listed or able to be traded, Kowin mentioned plans are yet to be finalised.
“We see plenty of potential for the C-Coin… No matter whether our customers are migrating online or going back to malls offline, we should discover the best ways to succeed in them and create spending.”
Central Retail presides over a portfolio of retail banners throughout Thailand, encompassing over 2,080 brick-and-mortar stores, and has a robust online and omnichannel focus. Its enterprise footprint extends abroad, together with interests in Vietnam and Italy..