Qatar begins the modernization of its FinTech sector with the issuance of the first digital payment licenses, but it remains firm against the adoption of digital currencies.
Apart from exploring investment opportunities in the blockchain space, the QIA is also looking to expand its portfolio with investments in Africa, Europe, and the automotive sector.
The QCB chief also commented on Qatar's plans for blockchain technology and digital currencies, noting that blockchain has the potential to help Qatar implement its digital transformation.
The state-owned flag carrier airline of Qatar plans to integrate NFTs, ticket purchases, and more places to its metaverse platform, called the QVerse.
The Qatar Central Bank is studying digital currencies but has yet to make a decision on whether it will issue one, as official says the bank is seeking to digitize payments.