Potential over over Saudi Arabia UAE of Middle East economies "ABER" ...
Financial authorities month of Saudi Arabia financial authorities and the United Arab Emirates (UAE), for the purpose of inter-bank transaction facilitation between countries, has announced details about the block chain-based project that has been underway than 0 years. Was announced this time is the project name [ABER], we have already demonstrated the experiment is started.
Through the token "ABER" on the same project block chain, the objective is possible to reduce the number of international money transfer costs in between the two countries. But in the end are also considering the use of settlement in the country, stage now that the technical verification.
Topic point of: Saudi Arabia, the construction of the international money transfer system using an encryption currency in between the UAE had been reported from around 2.0 years. But later, in there was no noticeable movement, the currency name used for the first time the project this time, also announced the details of the current experimental stage.