Home / Crypto News / Dubai raised the country Block chain-based electronic currency To issue emCash essential

Dubai raised the country Block chain-based electronic currency To issue emCash essential

Dubai raised the country Block chain-based electronic currency To issue emCash essential

The development and planning of the e-currency emCash based on the block chain technology which enables not only payment of invoices and payment at retail stores etc. but also payment of tuition fee is the first credit bureau in the United Arab Emirates CCN reported that it is on the basis of some emCredit jurisdiction . EmCash will be the first legal electronic currency in Dubai as it was in the report of CNN in 2017.

The user completes the payment of the electronic currency using the payment application emPay and the information such as the purchase content collected by the government jurisdiction store and each retail store is associated with the POS system (information management system at the time of purchase) It is also used for analysis of overall consumer behavior.

For block chains adapted to emCash, you can make use of open source hyper leisure and publicly available Ethernet technology to enable compatibility of the advantages of public block chain and prebuilt chain chain .

As soon as the permission from the Smart Dubai office led by the Crown Prince of Dubai goes down, it will be used in 38 government agencies, related financial institutions and major cities.

Quoted from: https: //www.ccn.com/dubai-to-launch-blockchain-payments-with-state-digital-currency-emcash/

Author: shimada – Source Post: https://crypto-times.jp/dubai-emcash/

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