“The application of the blockchain is being explored, especially in payment, clearing and settlement activities because of potential efficiency gains arising from the technology, as in the case of cross-border payments.

Fintech

Fintech is recognised as a primary tool in Qatar. Qatar has created the Fintech Hub. 

The Governor in 2019 underlined the importance of a digital strategy.

Qatar has a Digital Government Strategy. This supports online payments.

In 2020, Cointelegraph reported that the QCB had no plans to implement a CBDC but understood the benefits of digital payments.

Qatar has a high GDP and a clear strategy to digitalize. When CBDCs are issued, it is likely that Qatar will adapt easily.

The Riyal is pegged to the USD. 

 

 

 

 

 

 

By cryptorocks_editor

Editor.