Two Remittance Firms Go Live With Ripple-Based Payments to Thailand
Remittance firms UAE Exchange and Unimoni now offer blockchain-based payments to Thailand using RippleNet.
The free zone accepts payments in bitcoin, ether and the tether stablecoin.
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
The project will explore the capabilities of a DLT-based central bank digital currency in regional payments.
BitOasis has secured an in-principle approval, taking it one step closer to offering a regulated crypto exchange to the Middle East.
South Korean cryptocurrency exchange Bithumb plans to expand in the Middle East, starting with a licensed exchange in the UAE.