C-Coin is developed by Central Retail Corp., one of Thailand’s biggest department store chains. Notably, its a blockchain-based digital currency and is now testing it among employees.
Furthermore, The company is disbursing C-Coin to its 80,000 employees as tip to their usual salary.
More so, Employees can use the crypto coin to make trades at Central Retail stores instead of cash.
So, Central Retail is to monitor the performance of the coin, then plans to make it publicly available. Of course, This is after all employees finishes signing up using C-Coin and the trial period is over.
“We’ll be looking to enhance the C-Coin after we have used it within our network…”
“If our employees are able to use the C-Coin, then our customers should have no problems with it,”
Then, Kowin Kulruchakorn, chief innovation officer at Central Tech, an arm of Central Retail explains.
Lastly, The company has no conclusions on how to make C-Coin available to the general public. That’s, by listing the coin or making it available for trading.
Currently, Central Retail handles 2,087 stores across Thailand, 117 stores in Vietnam and nine department stores in Italy.
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