UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments

By CCN.com: UAE and Saudi Arabia — two countries that have the world’s second-largest combined sovereign wealth funds — have launched their pilot cryptocurrency. According to UAE’s official news agency, Emirates News Agency, the Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented in both countries. Saudi-Emirati Cryptocurrency Restricted to Banks Only Formed in The post UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments appeared first on CCN

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Kuwait Central Bank Taps Ripple for Blockchain Remittance Service

The National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product which uses RippleNet for cross-border payments from within the Middle Eastern nation. The initial launch of the product only supports payments to nearby Jordan, but they intend to launch in at least 15 more countries soon. According to The post Kuwait Central Bank Taps Ripple for Blockchain Remittance Service appeared first on CCN

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Saudi Arabia Partners Ethereum Startup to Host Blockchain Bootcamp

Saudi Arabia‘s Ministry of Communications and Information Technology (MCIT) has teamed up with ConsenSys, a cryptocurrency development studio, to host a “blockchain bootcamp” as part of the kingdom’s efforts to support technological development. The bootcamp is part of the ministry’s efforts to develop national cadres in future technologies, according to the ministry. The recent three-day The post Saudi Arabia Partners Ethereum Startup to Host Blockchain Bootcamp appeared first on CCN

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