UAE Telecom Powerhouse Embraces Dirham Stablecoin In New Payment Trial
e& UAE, United Arab Emirates’ telecom giant, has signed a memorandum of understanding with Al Maryah Community Bank to trial AE Coin, a Central Bank-licensed stablecoin, as a payment option across the telco’s services. Related Reading: MSCI Criticized For Bitcoin Omission: “It’s Like Faulting Chevron For Oil” According to company statements, the plan would let […]
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Pakistan’s Virtual Assets Regulatory Authority has issued “No Objection Certificates” (NOC) to Binance and HTX, allowing both platforms to begin formal steps to operate inside the country. Related Reading: UAE Telecom Powerhouse Embraces Dirham Stablecoin In New Payment Trial The clearances do not amount to full licenses. They instead permit preparatory work such as registering […]
Ripple Labs could be exploring the launch of a dirham-backed stablecoin in the United Arab Emirates (UAE), expanding beyond its existing US-dollar-backed stablecoin, RLUSD. This speculation arises following Ripple’s newest blog post dated November 7, 2024, titled “UAE Stablecoin Regulation: A Blueprint for Financial Innovation.” The post hints at significant interest by Ripple in a […]
YouTube has quietly added a new payout option that lets creators in the US receive earnings in PayPal’s dollar-pegged token, PYUSD. According to several reports, the change appears to be active now and is being offered through PayPal’s payout rails rather than through any direct crypto custody by YouTube. Related Reading: UAE Telecom Powerhouse Embraces […]
The United Arab Emirates has taken a clear step into live testing of a central bank digital currency. A UAE government transfer using a digital dirham took place this week, and officials say the payment settled in less than two minutes. This marks the first recorded transaction in the nation’s pilot program. Related Reading: Bitcoin […]
Telecommunications provider Perseus Telecom will be accepting payments in bitcoin, according to various reports making their rounds on the web today. "Bitcoin is a valuable digital asset and form of payment," said Dr. Jock Percy, the company's CEO. Perseus Telecom's interest in bitcoin reportedly came about when online gaming services that utilize the company's bandwidth had requested to pay in bitcoin. "They reached out to us and a couple of them said, 'we would like to pay in bitcoin because it's the currency of our user base,'" said Dr. Percy. The telecom is working with GoCoin to make....