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Tag Archives: crypto

UAE central bank chief: fintech very beneficial to banking sector

Technology underlying crypto-currencies, financial technologies are beneficial to banking sector, UAE central bank governor said. ABU DHABI The technology underlying crypto-currencies and other new financial technologies are really beneficial to the banking sector, United Arab Emirates central bank governor Mubarak Rashid al-Mansouri said on Tuesday. Asked at a financial industry conference whether U.S. interest rate rises this year might pressure …

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Ripple effect: Saudi’s crypto experiment can save hundreds of millions, says Moody’s

By: Staff Writer, ZAWYA Saudi Arabia could save itself hundreds of millions of dollars in foreign currency exchange fees if its pilot programme to use blockchain for cross-border payments is rolled out, according to credit ratings agency Moody’s. In a note published on Monday evening, Moody’s said that an agreement last Wednesday between United States-based financial technology (fintech) company Ripple …

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CEO of Dubai’s BitOasis exchange says UAE’s crypto concerns are “positive”

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture. The CEO and co-founder of Dubai’s popular cryptocurrency exchange BitOasis, Ola Doudin, has said that Sunday’s statement by the United Arab …

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