The Saudi Arabian Monetary Authority (SAMA) has signed an agreement with blockchain-based company Ripple
This trial program is the first of its kind to be launched by a central bank.
Participating banks from Saudi Arabia will use Ripple’s ‘xCurrent’ software solution to instantly settle payments sent into and out of the country.
This is interesting news, as governments and banks start switching over to crypto currencies this will make existing crypto currencies that are decentralized more main stream and attractive investments for people...
More info in the article;
http://www.arabnews.com/node/1247071/business-economy
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This comment has received a 2.85 % upvote from @speedvoter thanks to: @suffragator.
That's just the banking system trying to see how hey could fit them into crypto In my opinion it's not going to work in their favor. Great post of though Up Voted
This post has received a 3.13 % upvote from @speedvoter thanks to: @suffragator.