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Aber Digital Currency Project

Sector: Government • Location: Saudi Arabia

Source: FinTech Futures

Project
Planned

The Aber project, initiated by the Saudi Arabian Monetary Authority and the UAE Central Bank, aims to develop a digital currency for financial settlements between Saudi Arabia and the UAE. The project will explore the practical applications of blockchain technology to improve remittance costs and assess technical risks.

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Project Information

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The project “Aber Digital Currency Project” is an infrastructure initiative in the Government sector, located in Saudi Arabia. Taiyo aggregates data on it from FinTech Futures.

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Participants

Sponsoring Agency

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Status

Original status

planned

Taiyo status

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Contact

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Email

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Address

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Description

Description

The Aber project, initiated by the Saudi Arabian Monetary Authority and the UAE Central Bank, aims to develop a digital currency for financial settlements between Saudi Arabia and the UAE. The project will explore the practical applications of blockchain technology to improve remittance costs and assess technical risks.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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