Saudi Arabia: Central Bank Uses Blockchain to Inject Liquidity Into Local Banks
Saudi Arabia’s central bank – the Saudi Arabian Monetary Authority (SAMA) – announced that it recently deposited part of its liquidity injections to local banks via a blockchain-powered system. Saudi Central Bank Uses DLT for Banking Operations In an announcement dated June 8, 2020, the SAMA revealed that it would leverage distributed ledger technology (DLT) to inject
Source: Saudi Arabia: Central Bank Uses Blockchain to Inject Liquidity Into Local Banks
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About Author
Harry Gill
Harry is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets and Journalism he decided to become a half time trader half time journalist in the financial and cryptocurrency sector.He can be contacted at harry.gill@cryptonewspipe.com