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UAE telecom giant tests central bank-approved stablecoin: you can pay for phone and utility bills with it
【BitPush】There are new developments in the UAE. Telecom giant e& recently signed a cooperation agreement with Al Maryah Community Bank to test their proprietary Dirham stablecoin AE Coin for everyday payments.
This pilot is quite practical—users can directly use this stablecoin to pay for phone bills, utility bills, and even top up prepaid mobile phones. The key point is that this project has received official approval from the Central Bank of the UAE, not a rogue project.
e& CEO Hatem Dowidar stated quite straightforwardly that the biggest advantage of using this stablecoin is instant transaction settlement and full transparency of accounts, with no significant operational barriers. It seems they aim to truly bring blockchain payments into everyday life scenarios for ordinary people, rather than just staying at the speculation stage.
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The UAE's recent move is quite impressive; finally, there are projects daring to implement real-world applications.
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Can you pay for phone bills and utilities? Well, that depends on whether users are willing to accept it.
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Instant transfer is indeed impressive, but I’m curious to see how it will perform once launched.
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A stablecoin with central bank approval—that means it's no longer a fly-by-night project.
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Having official approval definitely adds credibility, but the key is whether adoption rates can pick up.
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I support the idea of truly integrating blockchain into daily life.
Can you pay for utilities and water bills? That's interesting, finally seeing a real use case
Instant transfer + transparent ledger, this is what blockchain should be doing
The UAE has jumped ahead again, when will we catch up
But let's wait and see how effective it is in practice before making judgments