- UAE to launch digital dirham (CBDC) in late 2025.
- Blockchain-powered dirham to be accepted across all payment channels.
- New currency symbol inspired by the UAE flag.
The United Arab Emirates Central Bank (CBUAE) has announced plans to roll out its Central Bank Digital Currency (CBDC), the digital dirham, by late 2025. This blockchain-based currency aims to modernize the country’ s financial infrastructure and provide seamless digital payments alongside physical cash.
Blockchain-Powered Payment Innovation
The digital dirham will be integrated across all payment channels, offering residents and businesses a secure and efficient alternative to traditional payment methods. By leveraging blockchain technology, the currency will enhance transparency, security, and cross-border transactions.
CBDCs have gained traction globally as governments explore digital solutions to streamline financial systems. The UAE’s digital dirham will align with the nation’s vision of becoming a leading financial and technological hub.
New Currency Symbol Unveiled
In preparation for the launch, the UAE Central Bank has introduced a distinct symbol for the digital dirham. The design features the first letter of “dirham” and two horizontal lines, symbolizing stability and strength. The lines are inspired by the UAE flag, representing national pride and financial resilience.
The new symbol will be a recognizable marker for digital dirham transactions, ensuring clarity and uniformity across digital and physical platforms.
Embracing the Future of Finance
With the upcoming rollout of the digital dirham, the UAE reinforces its commitment to financial innovation. The blockchain-based currency is set to provide faster transactions, lower costs, and greater financial inclusion. The country’s proactive approach to digital finance positions it as a pioneer in the global shift toward digital economies.
Read Also :
- UAE to Launch Digital Dirham in 2025 with New Symbol
- SEC Grants Elon Musk’s DOGE Team Access Amid Cost-Cutting Measures
- Coinbase User Loses $34.9M in Suspected Scam
- OKX Reports 29th Proof of Reserves: BTC and ETH Rise
- Michael Saylor Predicts Bitcoin’s Market Cap to Hit $500 Trillion
