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.
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