UAE central bank partners R3 and G42 Cloud for CBDC implementation initiative
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
The UAE is aiming to become a “financial and digital payment hub”.
Led by Accenture, the consortium will build and operate the platform over the next five years.
Governor Mubarak Rashid Al Mansouri says central bank has a “five pillar” approach.
Despite some media reports it’s not a digital currency.