Malaysia and Thailand Join Singapore’s BLOOM Payments Push
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Malaysia and Thailand are joining Singapore’s BLOOM initiative to help financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Malaysia and Thailand are joining Singapore’s cross-border digital payments effort, BLOOM, according to Cointelegraph.
The initiative aims to lower costs by improving coordination among financial institutions handling transactions across national borders.
BLOOM’s scope covers both stablecoins and tokenized deposits, rather than focusing on a single form of digital money.
Source: Cointelegraph
