Saturday, February 2, 2019

Adoption - UAE and Saudi Arabia launched cryptocurrency trial


Blockchain based cryptocurrency trial launched by the Central Banks of Saudi Arabia and United Arab Emirates ( UAE )

Both countries wanted to use blockchain based digital currency for their border payments and others financial payments.


Initially they are doing some technical testings and development to make project more advance and secure. 

In starting they will use that cryptocurrency between banks of the country, if everything goes fine then they will use it for large payments needs. 

Both countries will use Blockchain based digital currency for cross border payments as well as domestic payments. 

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