69coin Project

69coin is under support from KhmerCrypto team is collective of crypto coin users (bitcoin and other altcoins users), aim to legally register and follow government law. it is created to response the needed to Human Resources related to develop Blockchain technology in Cambodia and the world. KhmerCrypto Team is the first group that encourage IT students and users to enhance their knowledge on blockchain and ready to help government when they are needed.

69coin made the system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. 69coins aren't printed, like dollars or euros – they're produced by computers all around the world, using free software.

Distributed libraries known as blockchain, which allow to use digital currency such as bitcoin but provide greater protection and authentication for the transmission of digital assets and currencies. Based on open source software, this technology claims to be strong in preventing cybercriminals by creating a management book that is recorded by individuals or entities that access the network.

On 25 April, 2017 The National Bank of Cambodia (NBC) signed an agreement with a Japanese firm to develop the blockchain-based payment system that could potentially allow for the regulated usage of a cryptocurrency, which would eliminate the use of formal financial institutions to send and receive money.

Ref: 69coin.net