UAE completes first digital currency payment to China
The UAE has completed its first UAE digital currency payment to China. This is an important moment for both countries. Sheikh Mansour bin Zayed carried out the transaction during a meeting with senior officials from the People Bank of China. The payment used the digital dirham and the digital yuan. It moved through the Jisr platform and linked to the mBridge network. These systems support fast and safe cross border digital transfers.
How the UAE and China handled the payment
The process was simple and direct. The Jisr platform sent the payment from the UAE. The mBridge network then confirmed and settled the amount in China. This shows how digital currencies can help countries send money faster and with fewer steps. It also shows how digital dirham and digital yuan systems can work together without delays.
New cooperation between both central banks
The UAE and China also agreed to increase cooperation in digital payments. They linked their instant payment systems to allow round the clock transfers. This will help people and companies who send money between the UAE and China. They also introduced the Jaywan UnionPay prepaid card to support smoother payments for travel and trade.
Why this payment matters
This first UAE digital currency payment to China shows how both countries want faster and cheaper cross border transfers. It also shows their goal to use modern systems instead of older methods. With platforms like Jisr and mBridge, both nations can settle payments in real time.
What this means for the future
More countries are now testing digital currencies. The success of this first transaction may encourage other nations to explore similar systems. The UAE and China plan to build stronger financial ties and support future trade through digital money. This event marks the start of a new phase in international digital payments and next generation financial infrastructure.
