In Dubai, launched the first official state crypto currency called emCash

 According to local media reports, the local government in Dubai officially launched its own encrypted digital currency on the basis of a blockbuster called emCash. Crypto currency will be used to pay for government and non-government services.

The digital currency will develop thanks to the partnership between Emcredit, a subsidiary of Dubai Economy and the British blockbuster start-up of Object Tech. Dubai Economy is the government body responsible for planning and implementing the economic agenda of the Dubai Emirate.  

          

 Dubai uses Blockchain technology

1. The government of Dubai is already working with the British company Object Tech to develop digital passports for travelers visiting Dubai using blockchain technology. The broader powers of the government make it possible to direct efforts to make Dubai the world's first block-town. In fact, within the framework of the initiative of the government "Blockchain Strategy", among other things, all government documents will be translated into blockboys by 2020.
   
2. Earlier this year, the Smart Dubai Office, a government-sponsored initiative led by Crown Prince in Dubai, entered into partnership with FInTech in the direction of creating a city payment system. As part of this specific effort, 38 existing partner government organizations, financial institutions and other city departments will be connected to the payment platform.
   

The new crypto currency will allow the country to make a significant step forward.