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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 →

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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 →

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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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New statements from the middle east hint that Iran’s central bank is in development of a cryptocurrency that would be overseen by the state government in the region. Information Technology Minister MJ Azari Jahromi made the announcement via Twitter Tuesday after a meeting with the central bank’s board.  This cryptoRead More →