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Bitcoin.com 2024-02-02 23:30:55

Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through

The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and interconnection tool. The settlement involved sending 50 million dirhams ($13.6 million) directly to China. UAE Completes First

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