National Bank of Kuwait customers in Kuwait should soon be able to speedily send remittances to NBK customers in nearby Jordan. The National Bank of Kuwait (NBK) has launched its “NBK Direct Remit” service, which uses Ripple’s blockchain technology for cross-border payments. The National Bank of Kuwait (which, despite the name, isRead More →
Saudi Arabia and the United Arab Emirates (UAE) have announced plans to issue a cryptocurrency for use in cross-border transactions. This, despite the fact that the Saudi Arabian Monetary Authority (SAMA) has effectively banned virtual currencies in the Middle Eastern country. The new digital currency, which will be based on blockchainRead More →
Sharia-compliance finance is becoming a field of choice for several fintech companies as regulators and market participants in the Middle East seem keen on attracting new business. Now, Swiss-based cryptocurrency firm X8 has become the latest to acquire an Islamic finance certification. Islamic Finance Certified for Mid-East Expansion X8 AG,Read More →
Before it was turned into an investment possibility the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example ofRead More →
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