You can buy it from the platform, online, or from bitcoin ATMs with cash. Most ATMs have a 5%-10% fees. Once you have bought bitcoin, you can hope to sell it at profit, or speculate on its value without. Buy USDT in Real Time: Buy USDT on EZ/OTC Desk: CARDANO (ADA) ₹ 94.22 Check ADA Price: Get Free ADA: Buy in ADA Real Time: Buy ADA on EZ/OTC Desk: RIPPLE (XRP) ₹ 45.84 Check XRP Price: Get Free XRP: Buy XRP in Real Time: Buy XRP on EZ/OTC Desk: USD COIN (USDC) ₹ 74.81 Check USDC Price: Get Free USDC: Buy in USDC Real Time: Buy USDC on.
Future City, Future Cash
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.
Buy Emcash
“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.
Buy Encash Crypto
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.
As a Futurism reader, we invite you join the Singularity Global Community, our parent company’s forum to discuss futuristic science & technology with like-minded people from all over the world. It’s free to join, sign up now!