UAE’s ‘digital dirham’ CBDC pilot completes first transaction
PositiveCryptocurrency

The United Arab Emirates has successfully completed the first transaction of its central bank digital currency (CBDC) pilot, known as the 'digital dirham.' This transaction was reportedly finalized in under two minutes, marking a significant milestone in the UAE's efforts to innovate its financial system. The pilot aims to explore the potential benefits of a digital currency, which could enhance efficiency and security in financial transactions. This development is important as it positions the UAE at the forefront of the global shift towards digital currencies, potentially influencing future monetary policies and economic strategies.
— via World Pulse Now AI Editorial System
