Ethereum Leaders Are Slowly Courting Gulf Coast Royals And Investors
Ethereum’s leaders are pursuing a “moonshot” in the Middle East.
The Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk the nonprofit is partnering with finance experts in the Gulf Coast to show that the world’s second largest blockchain is compatible with Islamic law. Islamic finance customs adhere to certain beliefs, including the prohibition of earning interest on loaned funds.
The move is seen as a first step toward potentially securing investment from the region’s plutocrats.