Dubai plans to launch it's own cryptocurrency called emCash. This will be used for both "governmental and non-governmental services" which include all day to day transactions such as eating at a restaurant, paying your phone bill, sending money to a family member and more.
The reason behind this is to make financial transactions cheaper, faster and more secure for governments, businesses and everyone else.
I personally believe we are only stepping foot into our digital future that awaits.
Loads of information. Many thanks. Love it. @caramaybell Followed
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Yep, this is just the beginning. I try to tell people about this all the time, but, in one ear and out the other. Sorry guys, the ship is leaving, you're either on it or your not.
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That's what I say to my friends when they try to make fun of me when I mention cryptocurrency. They will one day own some and wish they did sooner.
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