Bitcoin Payment Solution In Trial Phase By Bahrain Central Bank Via OpenNode
According to the latest press release published on September 13, OpenNode is undergoing trials of using bitcoin payments along with the Central Bank of Bahrain’s Regulatory Sandbox application that is curated specifically for Fintech applications.
The primary aim of OpenNode is to show the propensity of Bitcoin to improve and spur the growth of Bahrain’s economy and business sector.
OpenNode states that this solution is motivated by the booming interest in the FinTech economy and digital assets all over the Middle East and other parts of the world.
Basically, CBB’s Sandbox will serve as the testing ground in facilitating BTC payments which were made possible until now.
The Sandbox was initially set up for Bitcoin testing in 2017 with the goal of augmenting Bahrain’s FinTech ecosystem. The Sandbox was hereinafter developed further to become inclusive specifically to cater to an expansive digital economy.
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