Dubai is set to introduce the Digital Dirham, a new digital currency that will enable people to pay easily in stores and send pocket money online. The Central Bank of the UAE (CBUAE) has developed a comprehensive platform to issue, trade, and use this currency.
This digital wallet system will be available for both individuals and businesses to conduct smooth and secure financial transactions. The Digital Dirham aims to transform the UAE’s payment ecosystem by providing innovative and safe features.
With this new technology, shopping and money transfers become simple and fast, eliminating the need for physical cash. The CBUAE emphasizes that this initiative is a significant step for the future of finance in the UAE and supports the country’s digital growth.
The government assures that the Digital Dirham will bring convenience and security to the public, further advancing the UAE as a leading financial hub.
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