As a result of the cooperation of Kuknos and Post Bank, the Rial digital wallet of Post Bank of Iran was unveiled as one of the first banks in charge of this project
According to the Iran digital economy annotation, this unveiling took place on the sidelines of the electronic banking conference and in the payment industry specialized products section of the conference, where Kuknos was the contractor for this project.
In this ceremony, Mohammadreza Mani Yekta, director of payment systems supervision of the Central Bank of the Islamic Republic of Iran, engineer Farhad Bahmani, a member of the bank’s board of directors, and Saeed Ahmadi Pouya, CEO of Kuknos Company were present.
After referring to the Digital Rial project, which was one of the most important projects in the past year and was being followed up by the Central Bank, Mani Yekta, the director of the supervision of payment systems of the Central Bank, said: “The role of banks in this ecosystem is very important. »
He added: “Abran Post Bank is one of the banks in charge of this project and has cooperated well with the central bank, and I hope that this project will be operational soon and facilitate small payments that are made through banknotes in the community from now on.” digital rial to be replaced. “Digital Rial creates a special capacity in the payment sector of smart contracts.”
The result of the cooperation of Kuknos and the bank
The digital asset of Central Bank of Iran is called Digital Rial and it is considered as the electronic version of Rial. The digital rial is also a banknote that is published electronically by the central bank’s banknote publishing and treasury department and is created on the blockchain network of this bank called Borna and is distributed to users through custodian banks.
The Central Bank of Iran has started the Digital Rial project as one of the first in the world since 2017, and this issue has been raised as one of the important axes of the 10th Payment Systems Conference.
The Kuknos company is trying to implement the digital rial infrastructure in the country’s banking ecosystem and has started this project with banks such as Sina, Shahr, Saderat and Pasargad.
Iran Post Bank is also one of the first banks that received the permission of the Rial digital wallet from the Central Bank of the Islamic Republic of Iran and made it available to customers.
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