12 months after Ripple signed an agreement with the Saudi Arabian Monetary Authority (SAMA), the authorities Head of Innovation, Mohsen Al Zahrani has confirmed that the KSA Central bank won’t be using the technology but two local banks will instead adopt xCurrent and roll out their services by March this year.
This is news that the community needed to hear after the leaving of the Chief Marketing Strategist left from the $49 billion start-ups, confirmation like this is positive and sends a big message to the community.
After news of this surfaced, the international head of infrastructure innovation at Ripple, Dilip Rao said:
“Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers. SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using…
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