⛽ UAE's fuel retailer ADNOC is now accepting crypto payments! 🇦🇪
UAE's largest fuel company, ADNOC Distribution, has taken a significant step. Now you can make payments via crypto at fuel stations in the UAE, Saudi Arabia, and Egypt! This is the first time in the Middle East that a major fuel company has adopted blockchain payments on such a large scale.
💳 How will this system work?
This entire payment system is based on AE Coin:
* Licensed Stablecoin: AE Coin is the UAE's first Central Bank-licensed stablecoin.
* Linked to Dirham: Its value is tied 1:1 to the UAE Dirham, meaning it will not experience the volatility like the crypto market.
* Bank Partnership: ADNOC has launched this service in collaboration with Al Maryah Community Bank, which you can use from their AEC Wallet.
🌍 Where will it be available?
This rollout is extensive and covers a total of 980+ stations:
* 🇦🇪 UAE: 562 service stations.
* 🇸🇦 Saudi Arabia: 172 stations.
* 🇪🇬 Egypt: 243 stations.
Not only for petrol, but you will also be able to use crypto payments at Oasis convenience stores and for car washes.
📈 Why is this news important?
For the first time, a sovereign-backed digital currency has been brought into everyday use cases like fuel stations. This proves that crypto is not just for trading but is also ready for real-world payments.
What do you think?
1️⃣ Should petrol pumps in India and other countries also accept crypto? 🚀
2️⃣ Are stablecoins the way to achieve mass adoption of crypto?
3️⃣ If you go to the UAE, will you use AE Coin for petrol? ⛽
👇 Let us know in the comments!
#ADNOC #CryptoPayments #AECoin #UAE #Blockchain #CryptoIndia #HinglishNews #MassAdoption #BinanceSquare
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