Dubai digital currency

[Dexion]

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?

[bitcoindusts]

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.

[MainIbem]

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.

[menammeo]

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

[Yantoaja]

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

[mostkey]

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

[Abdul Wasay]

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

[pakhitheboss]

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.

[HabBear]

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.

[HabBear]

The technology is tested and proven to be working.

Ha, really? We're talking about currency here...you think crypotcurrency has been tested and proven to be working?

When was the last time you bought something at a local store in your city with bitcoin? When was the last time your parents, uncle, aunt, or siblings bought something with bitcoin?

[mahibul49]

i think its really great news and now more people from dubai will get chance to know more about crypto currency.
though they will launch govt control crypto but its really good news.

[kryptqnick]

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.

Thanks for the link! Dubai is a big tourist attraction and a multi-million city. It's is good that the Department of Economic development supports this initiative. The coin really has chances to become used as payment for various kinds of goods and services there. Other cities might then follow this example and step by step cryptocurrencies will become adopted around the world. It's always a pleasure to see when big and influential companies, countries and cities support blockchain and especially cryptocurrencies. As lond as there are crypto exchanges, perhaps we don't need the top coins to be accepted everywhere after all. Local cryptos make sense as an alternative to local fiat.

[Anish02]

It's great news for all the citizen who lives in Dubai. After a certain time later they will all to use another way of making payments or transaction.

[Adhar]

After long time we can see that such a good news.i don't know is it real or fake but i trust that this kinds of news is very positive to us.dubai is tha biggest business city, so that if dubai support digital currency that was amazing.      

[HabBear]

It's great news for all the citizen who lives in Dubai. After a certain time later they will all to use another way of making payments or transaction.

Is it? They can already make payments digitally.

After long time we can see that such a good news.i don't know is it real or fake but i trust that this kinds of news is very positive to us.dubai is tha biggest business city, so that if dubai support digital currency that was amazing.       

Why is it such good news?

I'm really curious why people think this is good news - anyone willing to chat about it?

[Caxton10]

If it comes to the use of digital currencies for transactions, I think every country will like to have its own digital currency.

[HabBear]

If it comes to the use of digital currencies for transactions, I think every country will like to have its own digital currency.

Every country's currency is already digital...has been since the early 1990s. Developed countries at least.

If you can send your local currency from one person to another without having to hand them paper or coins, your currency is digital.

This misunderstanding is why people are so hype about countries putting their currency on the blockchain, it's not new. It's not decentralized. It's not more free. It just gives government another way to monitor what you're doing with your money. Bitcoin seeks to achieve the opposite!

[Dexion]

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.

thank you for the information bro, I only read local news, this is a big development for the crypto world, I think, in the future, every country will have a national digital currency.

and everyone will feel the many benefits of digital currency.

[batang_bitcoin]

AFAIK, there's already one that's named after Dubai and that is DBIX (Dubaicoin).

https://coinmarketcap.com/currencies/dubaicoin-dbix/

IIRC, that is DBIC few years ago.

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

Each country does have a potential to create their very own crypto. But the next possible one would be Malta.

[VanDeinsberg12]

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?

Is there an official announcement regarding it? if they have been working on it and it seems true if they will try to declare it to the public. as far as i know about the fact that they are not giving any clue about what will be the name of their digital currency but they are still try to take a lot of research to create their own digital currency.