# Blockchain-Based Peer-to-Peer Payments The Cambodia Blockchain Platform is Being Rolled Out By Kalin Ned | Published 2020-02-04 | World Source: Trend Hunter, https://www.trendhunter.com/trends/cambodia-blockchain References: [fxweek](https://www.fxweek.com/tech-and-data/4737906/cambodias-blockchain-payment-network-will-go-live-in-early-2020) & [bakong.nbc.org.kh](https://bakong.nbc.org.kh/) The Cambodia Blockchain platform is steadily being rolled out, with support coming from 11 commercial banks and the [National Bank of Cambodia](https://www.trendhunter.com/trends/moovit-ticket-purchasing) expected to be "the first central bank to put a [blockchain-based payment system](https://www.trendhunter.com/trends/sol-heaven) into widespread use." The launch comes after the successful completion of a pilot in 2019. Titled 'Project Bakong,' the next-generation system will enable [secure peer-to-peer payment](https://www.trendhunter.com/trends/paywint) and money transfer. The innovation in the newly enabled Cambodia Blockchain platform is that it brings all services—from e-wallets, mobile payments to online banking and financial applications—into one "easy-to-use interface for any preferred bank account." In addition, the newly developed Bakong app will also allow individuals to track their transactions and to request money through a personalized QR code. ## Trend Insights (Trend Hunter) - Score: 1.3/10 - Popularity: 14% | Activity: 17% | Freshness: 9% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [World](https://www.trendhunter.com/world) > [Regional](https://www.trendhunter.com/regional) ## Key Themes ### Why This Trend Is Growing - **Blockchain-based Peer-to-peer Payments:** The Cambodia Blockchain platform enables secure peer-to-peer payment and money transfer, bringing all services into one easy-to-use interface. - **Integration of E-wallets, Mobile Payments and Online Banking:** The Cambodia Blockchain platform integrates e-wallets, mobile payments, and online banking into a single interface, providing convenience for users. - **Personalized QR Code for Money Requests:** The newly developed Bakong app in Cambodia allows individuals to request money using personalized QR codes, enhancing convenience and ease of transactions. ### Industries Being Reshaped - **Banking:** The Cambodia Blockchain platform revolutionizes the way payments are made, creating opportunities for banks to offer more efficient, secure, and user-friendly services. - **Fintech:** The integration of e-wallets, mobile payments, and online banking in the Cambodia Blockchain platform opens up opportunities for fintech companies to develop innovative solutions and enhance financial inclusivity. - **Mobile App Development:** The development of the Bakong app in Cambodia, which enables personalized QR code money requests, presents opportunities for mobile app developers to create user-friendly and transaction-enhancing applications. ## Related on Trend Hunter - [Global P2P Transfer Services](https://www.trendhunter.com/trends/eco-inc.md) - [Real-Time Crypto Payments](https://www.trendhunter.com/trends/ramp.md) - [Blockchain Payment Services](https://www.trendhunter.com/trends/google-labs.md) - [Innovative Blockchain Phones](https://www.trendhunter.com/trends/blockchain-phone.md) - [Blockchain-Based Payment Solutions](https://www.trendhunter.com/trends/zebedee.md) - [Social Payment Platforms](https://www.trendhunter.com/trends/beerme.md) - [Banking Super Apps](https://www.trendhunter.com/trends/bankifi.md) - [Finance-Focused ID Verification Services](https://www.trendhunter.com/trends/id-verification-service.md) - [Blockchain Banking Platforms](https://www.trendhunter.com/trends/sol-heaven.md)