Finance | Page 6

The Jordan Payments and Clearing Company (JoPACC), a private shareholding company owned by the Central Bank of Jordan, and Copenhagen-headquartered Rainmaking Innovation have come together to support the development of fintech startups in Jordan.

As interest rates continue to climb, traditional banks will face an uphill battle in keeping pace with the advantages offered by fintech solutions.

The Head of DIFC Innovation Hub and FinTech Hive has his sights set on the growth of the fintech space in the UAE- and he hopes to lay the groundwork for that at the Dubai Fintech Summit 2023.

How can we enjoy the potential benefits of stablecoins, while maximizing trust in the issuers behind them? This is where central bank digital currencies come in.