Central Retail Corp, Thailand’s Biggest Shopping Center Developer Is Testing Its Own Cryptocurrency

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A Thai retail chain is testing its own digital money or cryptocurrency for use by representatives with the end goal of offering it to clients later on.

Central Retail Corp., Thailand’s biggest shopping center developer, is distributing its blockchain-based “C-Coin” to 80,000 employees on a merit basis to use as a substitute for cash in its stores.

The C-Coin may be expanded to customers once employee testing is complete.

Kowin Kulruchakorn, chief innovation officer for Central Retail Corp.’s tech arm, said plans are not settled as to how the coin would be distributed to customers, such as listing it for trading.

According to its website, Central Retail Corp. operates over 2,000 stores across 54 provinces in Thailand, as well as over 100 in Vietnam and nine in Italy.

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