Bitsonline: Ripple Rival in the Middle East? Saudi Arabia, UAE Pilot Aber Currency
Two of the largest economies in the Middle East, Saudi Arabia and the United Arab Emirates, are piloting a shared central bank-issued digital currency (CBDC) dubbed Aber. The initiative is aimed at facilitating seamless and cost-effective transactions between the two nations. Does the new money campaign bode a threat to the business strategy of Ripple? …
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