Dubai Citizens to Buy Goods, Pay for Bills with emCash via Pundi X

Blockchain-oriented firms Pundi X and ebooc Fintech & Loyalty Labs partnered with emcredit, Dubai’s Credit Bureau, to develop a platform that would allow Dubai citizens to pay for a variety of things with a stablecoin. The platform will leverage the Pundi X POS (point of sale) technology to be built exclusively for ebooc and used with emcredit. The system will run a digital equivalent of local fiat currency the UAE dirham (AED).

ebooc is the first fintech firm in the UAE and is Pundi X’s exclusive partner in the Middle East. The company offers blockchain-based NexGen technology and loyalty services in the financial markets.

Dubai residents will be able to pay for government utilities, telecommunication, and school fees and also pay for retail purchase…

This article appeared first on Cryptovest

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