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Logo of Phnom Penh Post newspaper Phnom Penh Post - E-currency makes a splash in Cambodia

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Deputy Director of Ministry of National Defence, Major General Sim Sopheap, speaking at the event. Photo supplied

E-currency makes a splash in Cambodia

The ASC GROUP has recently launched a new payment method, using the ASEANCOIN e-currency (ASN) in the retail, e-commerce, tourism and import-export sectors all around ASEAN in the future.

As the tremendous growth of information technology has taken place in the world, the internet has become increasingly important and dominates most of one’s social life activities. There is definitely a need to have a new payment method, a new currency, to be exchanged by all countries in the region and more broadly throughout the world.

Aseancoin (ASN) is created by the newest algorithms and technologies, which are used for payment in an easy and convenient way with low transaction costs. By the end of 2017, it is estimated that each Aseancoin price will average $200. If the Aseancoin reaches $600, it will promote efficient transactions and save transfer commission costs to the tune of hundreds of millions of dollars annually in ASEAN.

To facilitate the development of the ASEAN coin e-currency and to enter into the daily lives of every citizen, the American Express Group has partnered with a lot of enterprises.

The ASC GROUP uses Aseancoins as a method of payment for the original price ZOOMMART supermarket chain. The aim is to promote information technology into every field of people’s life in the Cambodian market in particular and the wider South East Asia market in the near future.

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