City authorities in Dubai launched their own cryptocurrency. The currency was called emCash, and you can use it to pay for government and other services. According to Deputy General Director for Economics of Dubai Ali Ibrahim, the token will be considered a legitimate means of payment for various government and non-public services, from their daily coffee, to utilities and money transfers. It should be noted, that the blockchain is widely distributed in the country, and Dubai seeks to become the financial and technological center for the eastern world.



Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.