digital cash

They explained how a peer-to-peer digital cash system could work to enable people to send virtual coins over the internet, just as easily as sending an email.

While at least half of remittances are now digital, cash remittances dominate in low-and middle-income countries.

Analysts at IntoTheBlock say Bitcoin whales like the big banks are pushing up price and demand - not an increase in ordinary people turning to this peer-to-peer digital cash.

Srettha confirmed his agenda before parliament on Monday which included digital cash handouts, lowering energy prices and relaxing visa rules to boost tourism.

Its theft of cryptocurrency has led to the loss of eye-watering sums: Blockchain analytics firm Chainalysis said last year that North Korean-linked groups stole an estimated $1.7 billion worth of digital cash across multiple hacks.