Saudi Arabia’s central bank is ramping up its research into Central Bank Digital Currencies (CBDCs). The move is part of Saudi Vision 2030, an initiative to reduce the Kingdom’s dependence on oil, diversify its economy and develop public service sectors. News Sorce
Outgoing CEO Al Kelly briefly shared the firm’s plans for Central Bank Digital Currencies (CBDCs) and private stablecoins. Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since. Visa’s research team began working on a blockchain interoperability project in September 2021. The payment giant hasn’t provided an update on the UPC in over 12 months. News Sorce
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