UAE’s Central Bank initiates historic cross-border Digital Dirham transfer to China

UAE’s Central Bank initiates historic cross-border Digital Dirham transfer to China

On January 29, UAE conducted the first-ever cross-border payment using the UAE Central Bank’s digital currency, the ‘Digital Dirham.’

 

The transaction, amounting to Dh50 million, was executed through the innovative ‘mBridge‘ platform, connecting the UAE directly with China.

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