Dubaicoin

DubaiCoin (DBIX) is described as a cryptocurrency created in 2016 to enable trade between the Gulf countries. Originated in Dubai, DubaiCoin has recently witnessed a market surge by 400%.

The Arabian Chain Technology has released and launched its cryptocurrency intending to make payments crypto-oriented across Dubai. The move is made to line up with the trending paradigm shift in finance that is debunking the traditional ways to welcome more modernization in payments and other financial transactions. The government of  Dubai claims that cryptocurrency is the future and will be adopted all across the city of Dubai. Soon, cryptocurrency might be used as a payment mode for all sorts of goods and services.

Dubai Sets itself off On a Cryptocurrency Ride 

Dubai wishes to be ahead in the adoption of the crypto trend game. Dubai adopting cryptocurrency and launching its cryptocurrency can be a source of inspiration for countries like India and UK, who are also looking forward to joining the race of crypto adoption. The Arabian Chain Technologies, in its latest press release, has announced its ambitions to elevate crypto to be the future of finance in Dubai. The trade will not just be carried out in Dubai but globally as well. DubaiCoin aims to be the durable and long-term goal of the blockchain-powered government which can turn Dubai from a “city of gold” to a “city of digital gold”.

Multiple Plans On Crypto-projects 

The UAE has been very proactive in the crypto space. Arab chain technologies have several projects planned on crypto projects.

Saeed Al Darmaki, founder of Sheesha Finance and a part of the Abu Dhabi investment authority of Abu Dhabi, has expressed his excitement on the creation of the future of bitcoin in Dubai by investing in the modern digital assets believing that it can transform the financial infrastructure of Dubai and UAE on a whole.