Abdulla Kanoo: Promoting the Migration of the $6 Trillion Trade Market to Blockchain

According to CoinDesk, Abdulla Kanoo, the heir of the Kanoo family in Bahrain, is pushing to migrate the $6 trillion cross-border trade market to blockchain infrastructure. ARP Digital, co founded by Abdulla Kanoo, is building a settlement network for capital flows in emerging economies to reduce cross-border payment costs and intermediary dependence. The trade volume between emerging markets has reached $6 trillion in 2024 and is expected to grow to $32 trillion by 2030.