Words from crypto Dubai
"A digital currency has varied advantages - faster processing, improved delivery time, less complexity and cost, to name a few," Dubai Economy deputy director general Ali Ibrahim said in a press statement. "It will change the way people live and do business in Dubai, and mark a giant leap for the city in harnessing game-changing innovations to improve ease of business and quality of life."
credits: business insider
An Illustation of blockchain technology
Officials claim that emCash uses the latest blockchain technology and works as part of payment system called emWallet. As the city's credit bureau, Emcredit has made sure that the emWallet handles various types of transactions - from "their daily coffee and children's school fee to utility charges and money transfers" - with a near-field communication (NFC) support through a smartphone.
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