UAE Pioneers Digital Currency Transactions: First Government Payment Using Digital Dirham

In a major step forward for the digital economy, the UAE has successfully conducted its first transaction using the Central Bank of the UAE’s Digital Dirham (eDirham). This pioneering pilot program marks a significant milestone in the nation’s ongoing journey toward a fully-fledged CBDC system. The eDirham was used to facilitate a government payment through the mBridge platform, showcasing the potential for streamlined transactions and increased efficiency within public sector operations.