The United Arab Emirates (UAE) will launch its Digital Dirham (CBDC) in late 2025. This new digital currency, created by the Central Bank of the UAE (CBUAE), aims to make payments more secure, faster, and transparent. It will also help prevent financial crimes and boost innovation in the country’s financial system.
Key Features of the Digital Dirham (Ð):
Blockchain-Based System: The Digital Dirham (Ð) will use blockchain technology to ensure safe and transparent transactions for everyone.
Digital Wallet: People and businesses can store and use the Digital Dirham (Ð) through a secure digital wallet, making payments easier, whether in shops or across borders.
Smart Contracts & Tokenization: The currency will support smart contracts, which allow automatic and trustworthy transactions without middlemen. It will also enable tokenization, making it easier to trade assets like real estate or company shares in smaller, more accessible portions.
This digital upgrade will modernize the UAE’s financial system and make everyday transactions simpler and more efficient.