The reserve bank of Bahrain is reportedly working with Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program). Bank ABC and J.P. Morgan will be conducting tests including the transfer of money from and to the Middle Eastern Kingdom of Bahrain in USD or for payments made by buyers to suppliers. The central bank of Bahrain will be serving as a key partner in the pilot program carried out between the local Bank ABC and J.P. Morgan. It’s expected that this partnership and program will be extending further and may include the development of a central bank digital currency (CBDC).