Crypto Payments Infrastructure Company Opennode to Test Bitcoin Payments in Bahrain – Fintech Bitcoin News

Opennode, a bitcoin payment infrastructure company, recently said it will be testing its bitcoin processing and payment solution through the Central Bank of Bahrain’s regulatory sandbox. According to Dalal Buhejji, executive director of the Bahrain Economic Development Council, the central bank sandbox helps ensure that fintechs will continue to innovate and adhere to regulatory best practices.

Contribute to the growth of Bahrain’s economy

A bitcoin payment infrastructure company, Opennode, has announced plans to “test a bitcoin payment processing and payment solution through the Central Bank of Bahrain (CBB) regulatory sandbox.” In a statement, the company said the infrastructure it plans to provide will help Bahrain “develop its economy and show why Bitcoin means better business.”

Thanks to the CBB regulatory sandbox, Opennode is allowed to carry out tests of its crypto payment solution on the territory of Bahrain. Commenting on the central bank’s decision to allow Opennode trials, Dalal Buhejji, Executive Director of the Bahrain Economic Development Board, said:

“We are proud to have worked with the Central Bank to establish a strong financial services ecosystem within the Kingdom of Bahrain. As a country, we have always been at the forefront of adopting Fintech solutions thanks to the flexibility and forward-thinking of our regulator.

Buhejji added that the CBB sandbox helps ensure Bahrain’s fintechs will continue to innovate while adhering to regulatory best practices.

Adoption of Bitcoin Standard

For his part, Afnan Rahman, CEO and co-founder of Opennode, described his company’s planned tests as a turning point not just for Bahrain but for the entire Middle East.

“Opennode’s leading Bitcoin infrastructure solution continues to pave the way for countries, governments, and reputable financial institutions to adopt the Bitcoin standard and transact on the Lightning Network,” the CEO explained.

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

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