The UAE has executed its first cross-border payment using central bank digital currency (CBDC) with China via the MBridge platform, marking a milestone in efficient international transactions. This transaction, involving the digital dirham and e-CNY, reduces costs and enables instant settlements between governmental entities. UAE and China complete inaugural CBDC cross-border payment using MBridge. The […]
Source: https://en.coinotag.com/uae-pioneers-digital-dirham-in-first-cross-border-cbdc-payment-with-china
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