Future City, Future Cash

EmCash Review How to buy bitcoin in UAE; PURCHASE LARGE ORDERS OF CRYPTO CURRENCY HERE From the #1 Crypto Dealer worldwide. For the last several weeks, you have likely heard a number of these terms if you have paid attention to the area of finance: Cryptocurrency, Blockchain, Bitcoin, Bitcoin Cash, and Ethereum. But what exactly do they mean? Emcash to be Launched Later This Year, Pending Full Approval. Those living in Dubai will soon be able to make payments for a plethora of goods and services using digital currency. The government there has backed the creation of emcash, which will be used to make various payments including traditional in-store purchases, utility bills, and even.

The government of the city of Dubai launched their own blockchain-based cryptocurrency last week. The city’s economy department partnered with one of its subsidiaries called Emcredit Limited and U.K.-based Object Tech Group, Ltd. to create emCash. This new “encrypted digital currency” is a product of partnerships Dubai has cultivated through their Accelerators Initiative and brought under the umbrella of the Dubai Economy Accelerators.

“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.”

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.

The city will also have a shared platform, called Blockchain as a Service, to help Dubai government agencies use blockchain in various projects.

Investing in the Future

Blockchain’s potential as a decentralized and secure platform for transactions, financial or otherwise, isn’t lost to those with eyes to the future. Dubbed as the “city of the future,” Dubai is certainly one of those, but it isn’t the first to have an “official” cryptocurrency. The launch of the emCash, however, is only a first step.

Dubai has been working on becoming the world’s first economy that’s built on the blockchain, and with it its own cryptocurrency. This is where the city’s efforts differ, and could potentially influence economies through the entire United Arab Emirates (UAE). “Obtaining approvals from other UAE authorities will be taken into consideration if required,” Ibrahim said.

The Wall Street Journal reports that Smart Dubai, the government office responsible for encouraging innovation in the country, will be conducting government and private organization workshops over the next few months to identify those services best enhanced by blockchain. After that, the office expects that pilot projects in both the public and private sectors will begin rolling out this year.

“The fast paced environment and incredible willingness to adopt innovative technology has made Dubai the perfect place for us to do business,” said Muna Al Qassab, CEO of Emcredit Limited, in the city’s press release. “This project is a great example of the ambition we have met here, together we are essentially creating a whole new economic ecosystem.”

Disclaimer: The Dubai Future Foundation works in collaboration with Futurism and is one of our sponsors.

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Dubai emCash - Accelerator Initiative State Issued Cryptocurrency? The government of Dubai has announced plans to launch its own cryptocurrency called emCash, according to reports by local news media outlets. The digital currency will be developed by Emcredit, a subsidiary of Dubai Economy, in partnership with UK-based Object Tech Group Ltd Where can I buy emCash out of Dubai? Ad by The Occasional Stop Decorate your home with a Bitcoin poster. $95 According to Arabian Business Magazine, people will be able to pay for various government and non-government services in Dubai with emCash. The name of emCash comes from the the subsidiary of Dubai Economy, Emcredit, that will work with UK-based Object Tech Group Ltd to develop the technology behind the new digital currency Built on the latest blockchain technology, emCash will be the digital currency in the emPay wallet which allows UAE residents to make diverse contactless payments, ranging from school fees to utility and money transfers, through near field communication (NFC) option on their mobile phones. Users will access their emCash through the emPay wallet The emirate of Dubai has developed an official cryptocurrency, emCash, which runs on its own blockchain and is designed for various financial transactions. Futurism 10

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• Dubai City Creates The Stable & Regulator-backed Emcash Cryptocurrency For Its Residents! The world of blockchain will soon be leveraged by the UAE population in a good number of activities following its credit bureau 'Emcredit' partnership with Pundi X, Loyalty Labs LLC & Ebooc Fintech. This move is set to bring cryptocurrency services closer to [
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