emCash is Dubai’s First Official State Cryptocurrency

emCash is Dubai’s First Official State Cryptocurrency:

The government of Dubai has revealed details of its own blockchain-based cryptocurrency, called emCash.

In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital currency that will enable citizens to pay for government and non-government services alike.

The digital currency will be developed with a partnership between Emcredit, a subsidiary of Dubai Economy and UK-based blockchain startup Object Tech. Dubai Economy is the government body responsible to plan and implement the economic agenda of the emirate of Dubai.

H/t reader kevin a.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP