Dubai continues to take the lead with its government led initiatives to become a Blockchain powerhouse. The residents of this futuristic city would soon be able to make all kinds of retail & bill payments and school fees etc. via the newly developed digital currency emCash which is pegged to the local fiat currency Dirham. The initiative has been undertaken by the Dubai Department of Economic Development as the next step towards completely digitizing the economy. The technology partners in this endeavor are blockchain payment provider Pundi X, and Ebooc Fintech & Loyalty Labs LLC who will provide PoS terminals for in-store payments.

Written by

A devout futurist keeping a keen eye on the latest in Emerging Tech, Global Economy, Space, Science, Cryptocurrencies & more

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store