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Cambodia launches blockchain-powered peer-to-peer payments, hopes it crushes cash

Dave 126 Silver badge

> Cambodia has long struggled to reduce Vietnamese influence while also building a better relationship with China.

That's one way of putting it, I guess. China is rapidly developing some cities in Cambodia, but the workers, tourists and companies are mostly Chinese. The Cambodian on the street isn't seeing much benefit. The image that encapsulated this for me was coming from the countryside where a moped is a luxury into Pnohm Penh and seeing a newly released Bentley SUV.

By contrast, Vietnam's communist government did s fairly equitable job of divvying-up up land and other state resources in the '90s in order to encourage private enterprise - and it's economy has been growing since the late '80s - to the environment that that some second-generation Vietnamese people from Australia and the US are emigrating to Vietnam.

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