UAE telecom group e& to trial dirham-backed stablecoin payments across digital services
PositiveCryptocurrency

- UAE telecommunications group e& has announced a pilot program to utilize AE Coin, a Central Bank-licensed stablecoin, for telecom payments in collaboration with Al Maryah Community Bank. This initiative aims to integrate digital currency into everyday transactions, enhancing the payment landscape in the UAE.
- The trial of AE Coin represents a significant advancement for e& as it seeks to modernize its payment systems and offer customers innovative solutions. This move aligns with the UAE's broader strategy to embrace digital currencies and improve financial services.
- The introduction of a dirham-backed stablecoin for bill payments reflects a growing trend in the UAE towards digital finance, highlighting the increasing acceptance of cryptocurrencies in mainstream commerce. This development could pave the way for further innovations in payment systems and financial technology within the region.
— via World Pulse Now AI Editorial System
