The government of the United Arab Emirates (UAE) has reportedly signed a memorandum of understanding with 16 of the largest banks in the country to create a mobile wallet platform. Gulf News reported that the mWallet doesn’t yet have an official rollout date. According to Reuters, the UAE is set to launch its own digital currency called “Dhash” which will be backed by real estate and other assets. The technology however has no official release date.
The government of the United Arab Emirates (UAE) has reportedly signed a memorandum of understanding with 16 of the largest banks in the country to create a mobile wallet platform. According to Reuters, the UAE is set to launch its own digital currency called “Dhash” which will be backed by real estate and other assets. The technology however has no official release date.