Dubai: A blockchain-based digital wallet called e-Mal will be available in the UAE from Monday.
Launched by eFatoora, the mobile payment platform will function as a dual e-wallet and can be funded by both digital and fiat currencies, said its Dubai-based founder and CEO Yasmin Khan.
“e-Mal is not just a project we took on to chase the next blockchain project; it is a step towards aligning our ethos and mandate to another next-generation development,” she said, adding that transactions carried out on e-Mal will be safe and cannot be tampered with.
Khan said e-Mal, available on iOS and Android, will offer a host of potential benefits to customers and retailers, many of whom she claimed have already come on board.
EML Token will be the digital currency of e-Mal.
Khan said one of e-Mal’s most attractive features is its e-Mal Information Centre, which will carry an exhaustive list of offers on products and services.
She said she has tied up with some private entities and government departments and will reveal more details about the partnership when she formally launches e-Mal on July 16.