Dubai has recently launched its own cryptocurrency coin, DBIX, which is gaining attention in the market. With the potential to rival Bitcoin, DBIX is creating a buzz in the world of digital currency. The coin was created by Waleed Meza Rondi in response to the growing need for Dubai to embrace cryptocurrency.
The launch of DBIX in March 2017 marked a significant improvement on its predecessor, DBIX. The new coin operates on a smart contract system and utilizes the first Arabic programming language for its blockchain platform. This unique feature allows DBIX token holders to have voting rights within the Arab chain blockchain.
The decision by Dubai to create its own cryptocurrency raises questions about the future of digital currency and blockchain technology. As a government-powered entity, Dubai aims to become the first blockchain-powered government, setting a precedent for other cities and countries to follow suit.
The current market value of DBIX is $0.040007 USD, with a 2.10 percent increase in the last 24 hours. The coin can be traded on the Crypto.com exchange, providing users with a safe platform to buy and sell DBIX.
As the world of cryptocurrency continues to evolve, the introduction of Dubai’s own coin raises important questions about the future of digital currency and its impact on traditional currencies. Whether DBIX will replace existing currencies or coexist alongside them remains to be seen.
Overall, the launch of Dubai’s cryptocurrency coin signifies a significant step towards embracing blockchain technology and digital currency. As other governments and organizations consider creating their own cryptocurrencies, the future of finance and technology is set to undergo a major transformation.
