World’s first bi-national government issued digital currency launched in Middle East

By Christine Duhaime | January 20th, 2019

Saudi Arabia and the United Arab Emirates announced yesterday in Abu Dhabi that they have created and launched a joint new bi-national digital currency. The name of the coin has not been released, not the type, not the amount issued, nor its price per coin. According to the governments of both nations, the new Saudi / UAE coin will be used by partnering banks so that those two governments can obtain an understanding of how Blockchain functions. The central banks of both countries are also participating in the coin issuance and its operation. The creation of a bi-national government issued digital currency is the first in the world.

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