The first cross-border payment using the Digital Dirham has been successfully completed by the UAE. AED50 million ($13.6 million) was sent to China, with Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of the Central Bank of the UAE (CBUAE), initiating the payment.
The transaction took place during a celebration marking the 50th Anniversary of the CBUAE. This historic cross-border payment using the Central Bank’s digital currency, the Digital Dirham, was made directly with China through the “mBridge” platform.
