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"Ripple Effect: Saudi Arabia's Journey Towards Blockchain Payments"


In the finance sector, blockchain holds immense promise for enhancing efficiency, reducing costs, and improving transparency. Several banks in the Middle East have been exploring blockchain-based solutions for cross-border payments, trade finance, and digital identity management. For instance, the Saudi Arabian Monetary Authority (SAMA) has partnered with Ripple, a blockchain payments company, to pilot instant cross-border payments using blockchain technology.

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Last Update : Mar 22, 2024 8:26 PM
Number of Views: 19
Item  Owner  : Blockchain News Middle East
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2024-03-28 (0.581 sec)