US Edition8 Articles
8 Articles
Tawasul Taxis in Abu Dhabi Adopt AE Coin for Payments in World’s First Stablecoin Transport Integration
Tawasul Transport, in collaboration with Al Maryah Community Bank (Mbank) has launched a groundbreaking initiative enabling passengers to pay electronically via the AEC Wallet app using the stable digital currency AE Coin across all Tawasul taxis in the Emirate of Abu Dhabi. This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience. The initiative is the first…
Tawasul Transport, Mbank launch AE Coin digital payments in Abu Dhabi taxis
The wallet, available on Apple Store, Google Play, and Huawei AppGallery, enables seamless transactions with a fixed exchange rate of Dhs1 to AEC 1, providing financial stability and ease of use The post Tawasul Transport, Mbank launch AE Coin digital payments in Abu Dhabi taxis appeared first on Gulf Business.
Abu Dhabi Introduces Crypto Taxi Payments Using Dirham-Backed AE Coin
Abu Dhabi integrates AE Coin stablecoin into taxis, pioneering smart city payments. AEC Wallet enables secure, fee-free transactions, boosting financial inclusion. AE Coin gains traction in sectors like aviation, signaling broader UAE adoption. In a landmark development, Abu Dhabi has become the first city in the world to integrate a stablecoin pegged to its national currency into public transportation payments. Residents and visitors can now pa…
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