BISHKEK, Kyrgyzstan, April 9. Testing of the
digital som in Kyrgyzstan will begin in mid-April 2025, Trend reports via the
National Bank of Kyrgyzstan.
The testing process will be conducted in several stages,
covering key scenarios such as issuance, transfers between digital
wallets, government payments, and offline transactions.
The digital som will be Kyrgyzstan’s national currency in
digital form, alongside cash and non-cash payment methods. All
forms of currency will be equivalent, allowing users to freely
convert between different forms, whether cash, non-cash, or
digital.
One of the key innovations is the ability to make offline
payments. These payments and transfers between digital wallet users
will be possible even in the absence of the internet or in case of
poor network connectivity.
In addition, smart contracts will be developed for the digital
som, allowing users to enter into digital agreements on the
platform.