After the Venezuelan government launched the Petro coin last month, Cambodia plans to launch its own crypto project called Entapay, a press release press release for the association. Blockchain Summit of Nations of Southeast Asia (ASEAN) reported on March 2.

The Blockchain Summit, to be held in Phnom Penh on March 7, describes Entapay as a project based on the quantum entanglement of security and encryption. , writes that he will use Blockchain technologies to create a fast and secure user experience.

According to the press release, Entapay "should become the link between the payment of the integration of the encrypted currency and the real world":

"He has the great potential to even replace VISA as a new traditional payment method. "

The press release compares the Entap They project directly with the Venezuelan Petro, which they classify as a digital currency that "helps [s] the country to avoid economic sanctions of the western world – while providing a new economic development channel for a country suffering from severe inflation ". In Cambodia, press releases could help the country take advantage of the Blockchain Revolution

The ASEAN Blockchain Summit, on the theme "Tomorrowland Builds on the Blockchain", will help promote Blockchain financial technology in the Southeast. Asia and abroad, in part by building the first Institute for Blockchain Technologies in ASEAN, according to the press release.

This Blockchain Summit is not the first time that Cambodia has ventured into Blockchain. Last summer, the National Bank of Cambodia joined a Blockchain Japanese identity company to test the technology of distributed registers for payment services.

At the end of February 2018, the Marshall Islands also announced its own cryptocurrency. an initial offer of coins (ICO) and free trading.