Emcredit from Dubya signed an agreement with the British company Object Tech Group Ltd for the development of cryptocurrency emCash that will be used in the wallet emPay, says Arabian business.
EMSA, which is based on the blockchain technology can be used to pay for various goods and services – both public and commercial. The main advantage of payments in real time and the absence of intermediaries.
Users will be able to make payments using the NFC function using the installed in the mobile wallet emPay.
Recall that Japanese banks have formed a consortium to create a national digital currency J-Coin.
See also: Bahrain legalizing cryptocurrencies