The United Arab Emirates is introducing its Digital Dirham, a digital version of its currency, by late 2025. This move is part of a growing trend of countries creating central bank digital currencies (CBDCs). The Digital Dirham will work alongside physical money and will be available through banks and fintech companies.
- The UAE will launch the Digital Dirham by the end of 2025.
- This CBDC will be secure with tokenization and smart contracts.
- It will enable faster payments and multi-party transactions.
- UAE is working with Saudi Arabia on a cross-border payment initiative.
| Fact | Detail |
|---|---|
| Launch Date | Late 2025 |
| Security Features | High security, tokenization, smart contracts |
| Collaborating Nations | Saudi Arabia |
| Other Countries Exploring CBDCs | Russia, China, Sweden, Korea, Brazil, UK |
