Economy
Regional — Gulf
Gulf Cooperation Council Announces Unified Digital Currency
Gulf Times
8 Aufrufe
KI-Wirkungsanalyse
Major financial integration for GCC reshaping regional trade infrastructure
Auswirkungsstufe:
Mittel
Auswirkungswert:
60/100
Wichtigste Erkenntnisse:
- Unified digital currency for 6 states
- Blockchain-based hybrid architecture
- Launch target 2027
The GCC has announced a plan for a unified digital currency called Khaleeji Digital, facilitating seamless cross-border transactions among six member states. The blockchain-based currency will be backed by a basket of GCC national currencies.
Central bank governors from all six nations established a joint committee. The initiative could process over $200 billion in annual cross-border transactions.
Central bank governors from all six nations established a joint committee. The initiative could process over $200 billion in annual cross-border transactions.
Betroffene Sektoren:
Markets
Tech
Tags:
#GCC
#digital currency
#blockchain
#fintech
#Gulf
Originalquelle: Gulf Times