The central bank did not make public the portion of the total injection supported by blockchain technology, though. The bank also experimented with the technology last year after it launched a digital currency project in conjunction with UAE’s central bank. It also partnered with Ripple to help banks improve payment infrastructure.
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SAMA Turns to Blockchain for Local Bank Injection
The Saudi Arabian Monetary Authority announced it used blockchain technology to inject liquidity into local banks. So reports The Block.
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