Recently, the world’s top airline (Emirates) has accepted Bitcoin payment for tickets and other services in the UAE and across the World. Saudi Arabia’s largest company, Aramco, is also making big decisions regarding oil exporting, investing, and bitcoin funds. Due to which it has now been told that in future Aramco is going to make a big investment along with US companies, EU funds and SAGIA (Saudi Arabian General Investment Authority) so that a big decentralized innovation can be adopted in the future and Saudi Arabia can be saved from losses due to the shrinking dominance of the US dollar. Recently, following Trump’s election in the US, due to political instability, rising US debt, US stock market crash, and potential war, many countries, such as Saudi Arabia and the UAE, are attempting to avoid significant future losses by embracing bitcoin and cryptocurrency. It’s possible that Aramco, with Saudi Arabia’s sovereign wealth fund, the PIF, is highly active in global Blockchain tech investment, and PIF focuses on Bitcoin, Crypto, and Web3 opportunities to be in Companies, infrastructure, Venture capital, and Blockchain technology with Crypto assets purchases.
Saudi Arabia’s Aramco is partnering with US Companies, BlackRock Bitcoin ETFs, and SWIFT to challenge the US dollar and adopt Bitcoin.
Saudi Aramco and many major energy companies are actively exploring and investing in Blockchain technology for its potential to improve supply chain efficiency, Bitcoin ETFs, secure transactions, and spending billions on Crypto and Bitcoin market cap to maximize the purchasing rate of Bitcoin, Ethereum, and Solana. Saudi Arabia’s Vision 2030 is pushing digital transformation, fintech, blockchain, and Crypto investment with CBDC, SWIFT, bonds, and Stocks, and fostering a digital payments ecosystem. Saudi General Authority for Statistics (GASTAT), OPEC, and IMF reports, Saudi Arabia’s Oil exports have reached $500 billion annually with US dollars, Yuan, EUR, and YEN, excluding Digital Payments like CBDC or Crypto. Saudi Arabia’s investment in Vision 2030 is rising in Minerals, chemicals, EV, manufacturing, Agriculture, Bitcoin, and the mass production of Made in Saudi Products. Saudi Arabia’s authority is considering approving Bitcoin, Ethereum, and Crypto to receive headache-free international payments under Vision 2030 to lift its 80% dependence on the US dollar and other Currencies. Recently, Saudi Arabia has been facing some complications, due to which it is not directly challenging the US dollar, because without the US, Israel, and Western countries, it is very difficult for Saudi Arabia to achieve its Vision 2030. But Saudi Arabia is working on Plan B, in which it is partnering with all those companies and firms that are politically, economically, and financially active in Bitcoin and Crypto
