Bank’s Advisory Council of UAE Eyes to Utilize Blockchain

Bank’s Advisory Council of UAE Eyes to Utilize Blockchain

The United Arab Emirates Banks Federation (UBF) have plans to utilize blockchain technology in KYC mooted by its advisory council. The CEO of UAE Exchange, Promoth Manghat explained, “The early adoption of this game-changing technology allows us to offer a competitive service, as it will have an impact on the speed and cost of cross-border transactions.”

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