The local government in Dubai has officially launched its own digital currency called emCash, according to local media. This digital currency will also be used for government and non-government payment services. Ali Ibrahim, Deputy Director General of the Dubai Economy said that this currency will be considered as a legal currency for various government and non-governmental services, from paying for coffee and school fees to facilities fees and remittances.
Blockchain technology is adopted by Dubai City
Both flexibility and convenience with digital currencies have made it a solution that benefits all parties in Dubai. Where the government strongly supports the Blockchain technology and sees it as the next major wave of typical changing technologies, and Dubai wants to be the first to adopt this technology. Where Ibrahim said:
'The fast-paced environment and incredible readiness to embrace innovative technology in Dubai have made them the perfect place for us to do business. This project is a great example of the ambition we have met here. We are working to create a completely new economic environment. Using plucin technology, this will make financial transactions cheaper, faster and safer. In addition to demonstrating the huge advantages as a result of adoption of this technology by governments, businesses and customers alike. '