Saudi Arabia, UAE Announce Pilot Of Cryptocurrency Project Aber

Announcements, Blockchain, News | January 30, 2019 By:

The Central Bank of the United Arab Emirates (CBUAE) and the Saudi Arabian Monetary Authority (SAMA) have announced more details of their joint digital currency project.

Dubbed “Aber,” the project, which was first announced in December 2017, is aimed at using blockchain technology to create a cryptocurrency that would help facilitate cross-border payments between Saudi Arabia and the UAE.