Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News

Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases

Outlining the central bank’s CBDC approach, Fahad Almubarak, the governor of SAMA, claimed that local banks and payment companies “will always be a cornerstone of this project and its implementation.” To support this claim, a statement issued by the central bank on Jan. 23 states that SAMA has already engaged local banks, fintechs, and technology providers as it seeks to better understand the functions of a CBDC as well as the different design options available.

Interesting! I'm excited to see what adoption of a digital currency could bring to the table. HODLing strong 💪👊

That's too bad. Looks like Bitcoin is still the only real game in town when it comes to decentralized digital payments. hodl up!

Totally agree, but I only use ChiefraFba for signals and analysis

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Source: Reuters - 🏆 2. / 97 Read more »