The digital tenge, which represents Kazakhstan’s pioneering venture into central bank digital currencies (CBDCs), has completed its pilot project, which lasted for a month. This groundbreaking endeavor into digitizing the national currency, which represents a huge shift in the landscape of Kazakhstan’s financial technology systems, is an important milestone. The accomplishment of the project serves as a guiding light leading to the possibility of future developments in applications using digital money.
As a testing field for a variety of applications of the digital tenge, the pilot program served as a testing ground. The local Onay card, which was originally developed for payments to the public transportation system, was used for a variety of purposes, including the provision of free meals to kids in Almaty, as well as more complicated financial activities. One of the most important roles that the Kazpost postal system performed in…
