Express

Saudi Arabian Central Bank Testing Blockchain Technology

Dawn Wu

Summary: Saudi Arabian Monetary Authority (SAMA) announced on June 8 that the central bank has recently adopted blockchain technology for money transfers to the banking sector.

Saudi Arabian Monetary Authority (SAMA) announced on June 8 that the central bank has recently adopted blockchain technology for money transfers to the banking sector.

Per the announcement, the SAMA intends to strengthen the banking sector’s ability to provide credit facilities by exploring and experimenting with new technologies. The SAMA also intends to lead the global trends of testing these emerging technologies and develop Fintech as an authority in the financial sector.

By Dawn Wu

Last Update:

Tags: ,,
Link: Saudi Arabian Central Bank Testing Blockchain Technology   [Copy]
Next:

Related Articles

  • Are Airdrops Overfarmed? State of the Market 21 hours ago
  • Autonomous Worlds: The Ultimate Goal of Blockchain? 2 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 5 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 6 days ago
  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 16 days ago

    • You need to login to comment.