Dubai to launch blockchain payments with state digital currency "emCash"

posted 2 months ago
Dubai residents will soon be able to make payments for school fees, bills and other retail purchases with emCash, a state-developed blockchain-based digital currency. The UAE’s first official credit bureau – emCredit – is pushing its official blockchain-encrypted state digital currency emCash for wider adoption by rolling out point-of-sale devices at retail & government storefronts across Dubai.

Indonesian company PundiX will produce the point of sale devices, and Dubai fintech ebooc will manage the digital wallet. A spokesperson for the state-backed subsidiary emCredit said: "Deploying cutting-edge technology such as blockchain is a key priority and is delivering benefits to our citizens in the form of convenience and securities to customers and merchants across Dubai."
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