In a bold step toward blockchain-powered public services, Abu Dhabi has become the first city in the region to accept crypto payments in taxis — and it’s all thanks to AE Coin, the UAE’s first Dirham-backed stablecoin.

As part of Abu Dhabi’s Smart City initiative, the Integrated Transport Center (ITC) has partnered with Al Maryah Community Bank (MBank) to launch AE Coin as a payment method for taxis. The integration is live — making everyday crypto usage a real-world experience, not just a headline.

🔎 What Is AE Coin?

AE Coin is a regulated stablecoin pegged 1:1 to the UAE Dirham (AED) and supervised by the Central Bank of the UAE, which granted its final license in December 2024. That means:

🏩 Full regulatory compliance

💾 Stable value

⚡ Instant transactions

📉 Minimal fees

Designed to offer speed, security, and stability, AE Coin removes the volatility of traditional cryptocurrencies — making it ideal for public use, especially in daily transport.

🚕 How to Pay for a Taxi Using AE Coin

It’s simple and futuristic:

1. Download the AEC Wallet app.

2. Enter any Abu Dhabi taxi equipped with QR code payments.

3. Scan the code using your AEC Wallet.

4. Pay instantly in AE Coin — 1 AE Coin always equals 1 AED.

No waiting, no transaction charges, and no disputes. It’s a cashless, cardless, crypto-powered experience.

💬 Leaders Speak: Why This Matters

Tawasul Transport General Manager Ghena Jbour called the move “a leap toward a smart and sustainable transport system.”

MBank CEO Mohammed Wassim Khayata highlighted AE Coin’s alignment with the UAE Digital Government Strategy 2025, which aims to digitize all public services — from health to transport to finance.

And AE Coin General Manager Ramez Rafeek made it clear: “This isn’t just another crypto. This is real-world, regulated blockchain adoption.”

✈ AE Coin Soars Higher — Now Accepted by Air Arabia!

The success didn’t stop with taxis.

Air Arabia, one of the region’s most popular airlines, has now integrated AE Coin as a payment option for flight bookings — extending the stablecoin’s reach from local roads to international skies.

This puts AE Coin at the center of the UAE’s goal to be a global crypto commerce leader, showing how regulated digital assets can revolutionize mobility, travel, and everyday life.

📊 UAE at the Forefront of MENA’s Crypto Adoption

According to Chainalysis, the MENA region recorded $338.7 billion in crypto transaction volume between July 2023 and June 2024. The UAE alone contributed $34 billion — placing third in the region, with a 30% adoption rate.

Stablecoins are leading this charge. Why?

✅ Price stability = better user trust

🔐 Regulatory clarity = safer usage

🔄 Fast, seamless payments = better experience

AE Coin is now proving that crypto isn’t just for traders — it’s for everyone.

💡 Why AE Coin Matters for the Future

This isn’t just another crypto launch. AE Coin is paving the road for blockchain in real life. From blockchain-powered taxis to crypto-friendly airlines, it signals a massive shift in:

🛠 Digital infrastructure

🔄 Seamless public-private integrations

📉 Reduced reliance on physical cash and bank cards

The UAE is turning vision into action, one blockchain use case at a time.

⚠ Is AE Coin Safe?

Absolutely. AE Coin is:

✅ Pegged 1:1 with the Dirham

✅ Licensed by the UAE Central Bank

✅ Audited, transparent, and traceable

✅ Built for fast, cheap, and secure payments

Whether you're riding in a taxi or booking your next flight, AE Coin ensures that digital doesn’t mean risky — it means reliable, fast, and future-ready.

🎯 Benefits of Using AE Coin Over Cash or Cards

💡 No hidden fees

🚀 Instant transactions

🔒 Bank-level security

🌍 Supports the UAE’s green and digital goals

📉 No forex or cross-border complexity

đŸ’Œ Open to tourists and residents alike

You’re not just paying — you’re becoming part of a new financial era.

đŸ“± How to Get Started

1. Download the AEC Wallet App (available on iOS & Android).

2. Top-up with Dirhams via your bank or authorized partners.

3. Start paying for taxis and flights using AE Coin.

4. Track your transactions securely on-chain.

Whether you're a crypto veteran or new to digital assets — AE Coin is designed to make crypto payments as easy as using cash.

🌐 Final Thoughts: UAE’s Digital Leap Has Begun

AE Coin isn’t just a new digital currency — it’s a symbol of national ambition.

By bringing crypto into mainstream public infrastructure, the UAE is quietly building one of the most advanced digital economies in the world — powered not by hype, but by real use cases.

Expect more adoption. More industries. More integration. And more countries watching and learning.

🟡 Follow for More Real-World Crypto Use Cases!

The world is watching what AE Coin and the UAE are building.

💬 What are your thoughts on paying with crypto in taxis and planes?

🧠 Could your country be next?

Comment below. Share this post. And follow for more deep dives into the future of crypto utility!

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