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SAMA Turns to Blockchain for Local Bank Injection

The Saudi Arabian Monetary Authority announced it used blockchain technology to inject liquidity into local banks. So reports The Block.

blockchain 3277336 640smallThe central bank did not make public the portion of the total injection supported by blockchain technology, though. The bank also experimented with the technology last year after it launched a digital currency project in conjunction with UAE’s central bank. It also partnered with Ripple to help banks improve payment infrastructure.

Read the full article from The Block.

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