<ul data-eligibleForWebStory="true"><li>UAE taxis now accept crypto payments with a dirham-backed stablecoin, marking the first global use of a national stablecoin in public transportation.</li><li>The initiative is led by Tawasul Transport in partnership with Al Maryah Community Bank and the Integrated Transport Center (ITC), allowing passengers to pay through the AEC Wallet app by scanning QR codes in taxis.</li><li>The AEC Wallet, available on various app stores, supports stablecoin payments for daily transport, aligning with Abu Dhabi's smart mobility and fintech innovation strategy.</li><li>AE Coin provides speed, transparency, and low fees without the volatility of traditional cryptocurrencies.</li><li>AE Coin usage will extend to retail, e-commerce, and other transport services in the UAE beyond taxis in the future.</li><li>This initiative positions the UAE as a leading country in real-world crypto integration, showcasing a commitment to financial innovation and digital transformation.</li><li>The UAE's adoption of crypto payments strengthens its status as a global center for crypto innovation and digital economy leadership.</li></ul>

UAE Taxis Now Accept Crypto Payments With Dirham-Backed Stablecoin

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