Abu Dhabi has made a significant advancement in digital innovation by launching the ability to pay for taxi rides using the AE Coin through the AEC Wallet app.
Shift Towards Smart Mobility
This milestone is part of a broader strategy to enhance digital payments and create a smarter, safer travel experience. It is the first implementation of a stablecoin pegged to the UAE dirham for public transport.
Easy, Secure Payments
With the AEC Wallet, passengers can easily and securely pay for their rides by scanning a QR code inside the vehicle. The AE Coin ensures price stability, boosting user confidence in digital currency.
Expansion of AE Coin Usage
The AEC Wallet app is set to expand across more transportation services, retail stores, and merchants throughout the UAE, offering users increased convenience and more digital payment options in their daily lives.
The introduction of AE Coin for taxi payments in Abu Dhabi highlights the UAE's commitment to digital transformation and innovation in transportation.
