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<p>United Arab Emirates Central Bank recently launched a Financial Infrastructure Transformation (FIT) program aimed to promote digital transactions and encourage innovation in the space which also will sharpen UAE’s prospects to become the financial and digital payment hub.  The program has nine initiatives and launching a central bank digital currency is one among them which will be launched to cater the gaps and hindrances associated to international payments. Parallelly, the government will also launch a card payment platform to “facilitate the growth of e-commerce” and an instant payments platform to “support financial inclusion and enable a cashless society.”   </p><p>#KOMnews #kommunitas #uae #centralbank #cbdc #financial #digitalpayment #cryptopayment #cryptonews #cryptoupdate</p>

UAE To Launch A Central Bank Digital Currency

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