New cryptocurrency launched in dubai
From a village in the desert, Dubai has become a metropolis, a global phenomenon that attracts tourists and business partners from all over the world. It has also become a hub for the latest state-of-the-art technology, whether that's with flying taxis, the hyperloop train, robot policemen - or cryptocurrency.
While several other countries have talked about creating their own digital currencies lately, Dubai is one of new cryptocurrency launched in dubai first to actually make this a reality. The project emCash works as part of the payment system emWallet and has been announced in a press release.
Additionally, the city makes use of blockchain technology in different other projects through the shared platform "Blockchain as a Service". Citizens of the UAE will be able to access the emWallet app on their smartphone. When making payments, users will be able to choose between two payment options, regular new cryptocurrency launched in dubai payment or emCash digital currency.
While the dirham payment goes through the normal settlement process and cost, emCash payments are sent and received in real-time. Also, merchants save the fee they'd have to pay the intermediary. Lastly, paying digitally with emCash also reduces new cryptocurrency launched in dubai and inflations, since currency is being issued based on actual demand and in real time.
The blockchain of emCash allows for shared ledgers - so that "control over payments is not limited to any single member in the emPay ecosystem and transactions are recorded instantaneously.
Want to get featured on my blog? Register for Steemit Promo. I can totally see dubai goin full steem in to crypto! Hopefully they see the value in just supporting the decentralized networks and forget the nationalized crypto idea though.
It will be interesting to see how far they will take this. This is very exciting news! This is huge for crypto. The gov has been looking for ways to make the system cashless.
Dubai will do it. Thats and advantage of building a such city where spend and spend is a way of living. A great bost to crypto either way! Tanks for the article. Hey that's good to see Dubai get out there and actually have a plan to implement the technology rather than hinder it through obstructionist legislation.
It's also huge because when the Emirates do something, they don't go half-assed on it, ever Whether I like the idea of a "government" coin or not Who would I like to see new cryptocurrency launched in dubai They are already "crypto-friendly," and they new cryptocurrency launched in dubai a LONG and legitimate history as "money handlers," and if new cryptocurrency launched in dubai Swiss say "go" with cryptos Estonia is also thinking to create its own cryptocurrency https: I start to love Dubai this time I am so glad I am with these boat now.
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Careful with this website: Dubai is one of the most futuristic cities of the world. Dubai has just announced the launch of their own digital currency, EmCash! Founded on the latest block chain technology, emCash will be the digital currency in emPay wallet, launched by Emcredit to support contactless payments. With emCash, emPay users will have the option of a secure digital currency, and merchants receive such payments in real time without going through intermediaries.
Authors get paid when people like you upvote their post. Great to see them taking the lead on this! Would be good to see Japan introduce their own cryptocurrency in my view. Such a beautiful place to be! The architecture is incredible in this country.
I want to invest in that! This will definitely put the crypto space in bullish trend. Even India is planning for its own cryptocurrency named "Lakshmi". Naturally - the Goddess of Wealth, no? Very exciting for e-residents like me! If I were gulf state, I'd call it petrocoin. Very exciting times up ahead! Can't wait for other countries to follow.
Crypto is going global. Soon, people will new cryptocurrency launched in dubai using it! We can buy that easily and start using it.
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