Dubai to Launch “Emcash,” a Government-Approved Digital Currency

The city of Dubai has plans to launch its own digital currency. Emcash will be rolled out in the coming years and is being made possible by a state-backed firm called emcredit.
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, ut