Topic: [2019-01-29]Saudi Arabia, UAE launch joint digital currency project (Read 162 times)
February 01, 2019, 11:47:00 AM
Good news for crypto in general, but not so much for ripple or stellar. If banks start to create their own digital currencies then there is no chance for ripple to thrive in the financial industry. A swift partnership is the only chance now
January 29, 2019, 02:31:27 AM
The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) have launched Aber, a joint digital currency project to facilitate trans-border settlement between the two countries.
Under a proof-of-concept framework, both central banks aim to explore the use of Blockchain and Distributed Ledgers technologies in issuing a common digital currency for use across borders to carry out remittances, the Saudi central bank said in a statement.
Read more : https://paperblockchain.com/saudi-arabia-uae-launch-joint-digital-currency-project/
Under a proof-of-concept framework, both central banks aim to explore the use of Blockchain and Distributed Ledgers technologies in issuing a common digital currency for use across borders to carry out remittances, the Saudi central bank said in a statement.
Read more : https://paperblockchain.com/saudi-arabia-uae-launch-joint-digital-currency-project/
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