Join the larget crypto conference of 2022 in Bitcoin

Bahrain central bank to launch Bitcoin-supported payment platform

0
(0)
Bahrain central bank to launch Bitcoin-supported payment platform 14

The Central Bank of Bahrain teamed up with OpenNode to launch a Bitcoin-supported payment channel.

Bahrain is a developing country and showed significant Inclination toward the digital assets industry. Under the introduced crypto model in 2019, Bahrain released regulatory approval to all crypto companies to operate services under full compliance. The Bahrain Central Bank agency is also working on a centralized digital currency, JPM coin, to allow payment settlement for counterparties in the United States.

 On 13 September, A leading Bitcoin payments infrastructure platform, OpenNode, announced that Bahrain Central Bank is working to launch a Bitcoin-backed payment platform. 

OpenNode stated that the adoption of cryptocurrencies & blockchain technology is increasing rapidly in the Middle East and this was the main reason for the central bank to push the economic growth of the country under consideration of innovative industry.

Afnan Rahman, the chief executive officer of Bitcoin payment infrastructure provider, stated:

“This is a watershed moment for the people of Bahrain, the Middle East, and the Bitcoin economy as a whole. OpenNode’s leading Bitcoin infrastructure solution continues to pave the way for countries.”

Rahman further said that OpenNode will help the big financial institutions to adopt the Bitcoin lightning-enabled network-based payment services.

OpenNode further said that the company will continuously create more room for the Bitcoin network, to push Bitcoin payments.

Dalal Buhejji from the Bahrain Economic Development Board also appreciated the role of Bitcoin as a part of developing the digital economy and said that Bitcoin has better ability in the regulated ecosystem.

In recent months, the government agencies of Bahrain focused on providing a better ecosystem for the crypto companies, to allow a better level of innovation in the country. 

Read also: Professor of Economics Says cryptocurrencies are not solving problems

Bahrain central bank to launch Bitcoin-supported payment platform

 

https://bitcoinik.com/bahrain-central-bank-to-launch-bitcoin-supported-payment-platform/feed/

https://bitcoinik.com/bahrain-central-bank-to-launch-bitcoin-supported-payment-platform/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.


TELEGRAM
Cryptonews24 Channel Chat