Crown Prince of Dubai Upgrades DubaiPay With Blockchain

The Smart Dubai set up and headed by the Crown Prince is introducing open ledger into the app for retail payments. All types of payments are available in the real-time

Mon, 24/09/2018 - 12:17

Crown Prince of Dubai Upgrades DubaiPay With Blockchain

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The Smart Dubai office set up and headed by the Crown Prince is introducing open ledger into the app for retail payments for smartphones called DubaiPay.

All types of payments will now be available in the real-time mode. Blockchain will help the local Finance Ministry to supervise reconciliations, refunds, etc, made through DubaiPay. The app has almost 30 governmental agencies linked to it.

More of them are going to join the network later, such as the Dubai Police, Dubai Airports and Customs, etc. Dubai considers Blockchain one of the technologies with the highest potential in the future.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.