Connect With Us, Get Our Analysis, Recommendations, News, Tutorials and More...
FACEBOOK
250+
WHATSAPP
600+
YOUTUBE
100+


Saudi Arabia and United Arab Emirates to Launch a Cryptocurrency for Banks. Underlying Blockchain Tech Still Undisclosed


The world of cryptocurrencies and blockchain technologies is slowly beginning to permeate the traditional finance market, and Arabs are willing to become references for other actors by using these technologies in large-scale operations.

According to an article published by the Emirates News Agency, The Executive Committee of the Saudi-Emirati Coordination Council announced a few hours ago the results of its first meeting in Abu Dhabi, in which they addressed strategic issues for regional development in the economic, social and military fields.


The committee, composed of 16 members from both countries and headed by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, from the UAE side, and Mohammed bin Mazyad Altwaijri, Minister of Economy and Planning, from the Saudi side, announced seven joint initiatives, which will be implemented throughout the course of 2019.

Experimenting With Blockchain To Issue an Official Interbank Cryptocurrency In economic matters, they decided to experiment with blockchain technologies to facilitate financial operations between the two countries.

To this end, they announced a pilot project for the creation of a commonly accepted cryptocurrency of interbank nature in a first instance:
“The cross-border digital currency will be strictly targeted for banks at an experimental phase with the aim of better understanding the implications of Blockchain technology and facilitating cross-border payments. The virtual currency relies on the use of a distributed database between the central banks and the participating banks from both sides. It seeks to safeguard customer interests, set technology standards and assess cybersecurity risks. The project will also determine the impact of a central currency on monetary policies.”

Until now, the team did not provide further details on the characteristics of the project. Being only a first draft it is difficult to have a clear idea of how it will work, but there could be some speculation taking into account the purpose of the announcement.

Being a joint initiative, it is very likely that both central banks will function as fully validating blockchain nodes and that the traditional banks of each country will, in turn, have nodes of inferior hierarchy used for the processing of transactions.

The blockchain will be private, so the general public will not have the possibility to access the information, still, being a centralized blockchain, it is likely to be designed to allow the reversal of transactions in case central banks need it.

Up to now, it is not known when the first tests will start, however, there are certain advances since the central banks are somewhat familiar with blockchain technologies developed by Ripple, IBM, and ConsenSys, which gives them some fundamental knowledge of the xRapid, Hyperledger and Ethereum platforms.

DO YOU WANT TO START INVESTING ONLINE SECURELY?

Invseting Online is a great way to earn passive income especially if you want good returns and don't understand the huge technical grammer sorrounding Investing (Stocks, Bonds, ICOs and start ups, Cryptocurrencies, Forex E.T.C.) .
Aside that, Truth is 99.9% of companies on the internet are SCAMS with only 0.01% standing out as Trust worthy and reliable ventures... Now this legit companies might not be giving away mouth watering percentages but will certainly earn you some very good income.

To save you the stress of falling into scammers we've listed some potentially 90% legit companies and their income potentials below... If you want stable and reliable companies, Then check these out below;

1. BITINVESTORS CLUB P.M.S

Our portfolio management services (P.M.S) run by our team here at Bitinvestors Club earns our investors from 2% to 5% monthly revenue without any risk as we invest into real businesses only.


2. DUALMINE (Cloud Mining)

Legit Bitcoin and Ethereum mining company owned by Cryptonits LTD. Pays from 14% up to 18% monthly for 1 year. 100% Legit company. Plus get tripple deposit bonus Offer Now.


3. WEENZEE (HYIP)

WeenZee is a legit decentralised community of investors with several opportunities, pays from 0.75% to 1.01% daily. Longterm opportunity.


4. CASHLUXE TRADE (HYIP)

100% legit and safe trading company that pays 0.62% UP TO 1.02% every day, Earn over 300% in pure PROFITS annually without Risk.



Bitinvestors Club loves you and your success is our PRIORITY. Join our club to ensure security of funds and regular risk free Income.

ALERT: Don't lose Your money anymore to Bitcoin and Cryptocurrency Investment Sites, Learn how to Invest and make $5,000+ Daily - Join our Investors Club Here and start now, Or do it yourself after taking the Crypto Millioniare Materclass For just 30days and become a pro.

Subscribe To Our Free Newsletter And Get Our Latest Reviews, News Updates & More Via Mail

Important Notice: Never invest money you can't afford to lose. Always do your own research and due diligence before investing funds. Kindly Read our Investment Tips from the main menu, And our Terms & Conditions for more.

Thank You For Reading This, But Why Not Air Your Opinions And See What Others Are Also Saying About This, Kindly Scroll Down And Join The Discussion.

Company logo
BitIvestors Club Is An online investment and Investors club dedicated to providing investors with legit online investments, offline investments and investments tips with our major focus on cryptocurrencies, forex and other online investments.

On BitInvestors Club we are dedicated to providing our Investors with Bitcoin and cryptocurrency news, Bitcoin and Altcoins tutorials and courses, Investment tips and courses, Cryptocurrency Investment and earning Opportunities, Reviews, Forex and binary options trading courses and tips, Broker Reviews E.T.C.

With BitInvestors Club You Will Learn How To Invest Securely on Bitcoins and Altcoins, Forex, Binary Options and More, Get Investment Platform Reviews And Put Your Money On Genuine Programs. - READ MORE ABOUT US

ABOUT THE CLUB

On Our Investors Team, Club members pays $10 Monthly Fee Or $100 Yearly Fee. The Benefits Of Being On The Team Is enormous.

✓ Get to know about new, paying programs first.
✓ Exclusive information on when to how much to invest.
✓ Information On When to quit risky platforms (HYIPs).
✓ Insurance from Most HYIP Companies on invested funds.
✓ We share 20% from referral bonuses amongst our team of Investors and more added benefits.

Also, Our professional team can also manage investors portfolio and returns a 5% monthly profit for 1 year then the investors funds released after 1 Year term. i.e We trade, Lend and Invest your funds and Returns 160% Annually (100% capital and 60% net profit).
LEARN MORE AND HOW TO BECOME A MEMBER

GET IN TOUCH

Having Any Questions Or Want To Contact Our Team. Our Support Is Active 24/7.

  • Telephone
  • +2348103171693

  • Email
  • Legitcryptobiz@gmail.com

  • Pay Us A Visit
  • No. 1 Asingba Close, fak road, Yenue-zuegene, Yenagoa, Bayelsa State. Nigeria.

  • WORKING HOURS
  • Mondays — Fridays (WeekDays): 8:00AM to 6:00PM
    Saturdays & Sudays: 10:00AM to 6PM

    QUOTE

    Cryptocurrencies are the future, Investing in this technology is for multi millionaires of the future. It's profits are magical, Very few industries guarantees such huge profits in short or long term. Bitcoin and other cryptocurrencies will greatly replace fiat currencies. Join us now on Bitinvestors Club as we harness the innumerable benefits of cryptocurrencies.
    - Asingba Samuel, CEO BitInvestors Club
    DISCLAIMER: We do not Own, Recommend or Promote any of the Investment Programs you can find on BitInvestors Club. The information presented above is based on statistical data and personal experience – its authenticity is not warranted. We'll not be held liable for any loses incured, Always do your own research and due diligence before Investing your funds. Please also bear in mind that all forms of Investment(s) involves some level of risk. We do not recommend you to Invest what you cannot afford to lose.