UAE and Saudi Arabia are all set to be the new crypto-hub in the middle east by launching their own Saudi-Emirati Pilot cryptocurrency. The Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented by both countries. The use of the newly formed cryptocurrency is for Cross Border payments.
I no it is going to be like this and that is advancements of blockchain technology. We are hoping that in future we should be able to see more countries coming up with there own system and technology and that will faceout other coins.