Over the last year, the Saudi Central Bank (SAMA) and the Central Bank of United Arab Emirates (CBUAE) have partnered in a collaborate pilot initiative to research and experiment the use of Distributed Ledger Technology (DLT) for central banks.
Their vision was to discover whether DLT could “reimagine” the settlement of cross-border payments between the neighbouring Middle-East nations with the implementation of a “dual-issued digital currency.”
Their findings, released today in a 93-page report, confirm their initial optimism in the technology stating that cross-border payments are “technically viable” and that it is “possible to design a distributed payment system that offers the two countries significant improvement over centralized payment systems in terms of architectural resilience.”
Concerns Addressed
“The name Aber was selected because, as the Arabic word, for ‘crossing boundaries’, it both captures the cross-border nature of the project as well as our hope that it would also cross boundaries in terms of the use of the technology.”
Alongside the aspect of currency transaction, the two central banks also wanted to gain an insight into the resilience of the technology in areas such as privacy, decentralisation, supply clarity and currency data.
“The performance objectives that were originally set for the project were exceeded, proving that DLT technologies could. offer high levels of performance whilst not compromising safety or privacy.”
Some areas which commented on that need more investigation and experiment in the future were: the impact of interest rates and domestic implementation between states.
Public Education
Upon announcement of the proof-of-concept pilot last year, their public statement emphasised the growing international development of digital currencies and the importance of first-mover advantage in the field:
“The two countries do not only aspire to be the forerunners in the application of modern technologies, but also in their adaptation, development and delivery to the world. Hence, the two countries embarked on carrying out the experiment of issuing a common digital currency for use across borders to carry out remittances.”
The transparent, candid nature of this project alone is a welcome appearance in this ecosystem. Add in the promising results for the integration of a digital remittance infrastructure and you have a genuine lesson of technology for other countries, central banks and companies to learn, educate and develop from.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
