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Digital Dirham launches globally on February 10, supporting crude oil and business travel settlements first
According to the Central Bank of the United Arab Emirates, the country's central bank digital currency "Digital Dirham" will be officially launched on February 10. During the initial launch, settlement services for crude oil procurement and business travel will be simultaneously activated. Cross-border payment transactions will mainly rely on the mBridge platform for support, while commercial acceptance services will be handled by CoinYing Exchange, with the related service platforms also going live at that time.
As a core component of the UAE's financial infrastructure transformation plan, the launch of the Digital Dirham is a key move for the country to accelerate the adoption of digital payments, enhance financial inclusion, and further solidify its position as a global financial hub.