Dubai digital currency - page 4. | Bitcointalksearch.org

HabBear

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Quote from: Dexion on October 11, 2018, 09:59:43 AM

I want to know your opinion, which other countries will create currencies after Venezuela, Dubai, and Japan?

All this does is put the transactions of a fiat currency on a blockchain. Do you want your government to have the ability to record ever transaction you make with your money?

In the name of "blockhcain technology" these countries are actually expanding their control, not decentralizing it.

The only potential benefit is that it'll make it easier for the currency to be speculated upon outside of normal forex markets, which could provide an investment opportunity.

pakhitheboss

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Will this help Crypto world? A country launching its own digital currency will basically be controlled by the goverment. So, where is the financial freedom?

Bitcoin is not controlled by anyone and that is the main reason for its popularity. I donot think this will be an encouraging news for the market.

I am not sure but have been hearing that India is also planning to launch its own cypto and mostly this will happen in 2019 after the elections. I do not have any concrete evidence or post regarding this news.

Abdul Wasay

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This is really cool and now people in UAE will help to grow the crypto currency demands. Now other countries will also launch there own currency

kingcolex

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Quote from: menammeo on October 11, 2018, 01:48:44 PM

Dubai residents will soon have the means to pay fees, bills and other retail purchases with emCash, a blockchain-based, digital currency. The first UAE- The Dubai-based economy, is pushing for a more formal blockchain-based EMCash for wider adoption by launching point-of-sale (PoS) devices at stores across Dubai. PoS devices will also be deployed at Retail stores, which allow both citizens and residents of Dubai to buy goods after working with payment service blockchain Pundi X, Trade Arabia reported Monday

I'm assuming this is due to the tourism rate in dubia or dual citizenship that live there. This at least allows for an easy transition of funds for when there. I wonder how this will effect that shitcoin dubaicoin.

mostkey

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Quote from: Dexion on October 11, 2018, 09:59:43 AM

Today, good news comes from Dubai, the Dubai city government seems ready to launch a digital currency. the name of the currency is emCash.

the Dubai government will work with technology companies to create emCash currencies. Dubai government hopes that emCash currency can be used for future transactions.

Dubai should have created a digital currency. we all know that dubai is a rich country and has a large share in the trade sector.
It will be very beneficial and easier for transactions between countries. if each country has a digita currency this might help lift the popularity of digital currencies in the world

Yantoaja

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This is pretty good news considering Dubai is a country that is rich enough and started using crryptocurrency in their country, moreover this is fully supported by the government and I hope that this coin can change the cryptocurrency world which is currently a little sluggish, and I hope there will be many countries other developed countries that follow Dubai by making their own cryptocurrency and are supported by the government

menammeo

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Dubai residents will soon have the means to pay fees, bills and other retail purchases with emCash, a blockchain-based, digital currency. The first UAE- The Dubai-based economy, is pushing for a more formal blockchain-based EMCash for wider adoption by launching point-of-sale (PoS) devices at stores across Dubai. PoS devices will also be deployed at Retail stores, which allow both citizens and residents of Dubai to buy goods after working with payment service blockchain Pundi X, Trade Arabia reported Monday

MainIbem

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Simply amazing. The future of blockchain and cryptocurrency has not been in doubt. It is only a matter of time and all peoples will be using one coin, or token. The technology is tested and proven to be working.

bitcoindusts

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And as others might wonder where the news might come from, here's a link of the said plan of Dubai to launch their very own emCash (where "em" means emirates as Dubai belongs to the United Arab Emirates:

https://www.newsbtc.com/2018/10/08/dubai-to-launch-emcash-a-government-approved-digital-currency/

And indeed, without a doubt, this move proves how the world is taking cryptocurrency positively and making use of the blockchain technology that comes along with it.

Dexion

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Today, good news comes from Dubai, the Dubai city government seems ready to launch a digital currency. the name of the currency is emCash.

the Dubai government will work with technology companies to create emCash currencies. Dubai government hopes that emCash currency can be used for future transactions.

I want to know your opinion, which other countries will create currencies after Venezuela, Dubai, and Japan?

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