Dubai: e-Mal, the Dubai-based Fin-Tech, on Friday 11th January 2019 officially inaugurated its fully-fledged digital financial platform, e-Mal.
Based on Blockchain technology and powered by eFatoora, (the start-up of 18 months with several awards to date), launched a fully-fledged ecosystem allowing digital payments to be made safely and securely, using e-Mal Tokens (EML), a fiat backed digital currency that can be stored in the e-Mal wallet.
The launch supports Dubai’s aspirations and mandates to become a regional and global leader for digital and paperless transactions.
Yasmine Khan, the Founder and CEO of e-Mal, said our digital currency comes as a natural progression from the paperless mandates to smart contracts. We offer a comprehensive secure infrastructure that replaces traditional financial transactions, allowing contracts to take place in a more efficient, cost-effective, and secure manner using the speed of the blockchain. We were overwhelmed in such a challenging market to be supported by friends and family and reach our 185 million USD hard cap.
“With smartphones becoming an integral part of everyday life, people are always looking for more convenient ways to conduct their business on the go. e-Mal offers users a seamless and secure digital system that allows them to settle financial transactions from any location.”
e-Mal tokens, EML allows smooth transfers and payments for various transactions, including government services, utility bills and acquiring goods and services from multiple vendors. The e-Mal Pos also allows cash out, something that has never been done before in the region.
Unlike many other digital currencies, e-Mal will promote fiat transactions, pegging and backing the values of fiat currency to the token itself. EML is pegged to the US dollar, thus creating zero volatility.
The e-Mal digital currency is expected to promote business growth by minimising the cost of money transfer while promoting eco-friendly practices by cutting down paper transactions.
EML (The abbreviated coin name) will be traded physically using the typing centers and will be listed on exchanges, in addition to e-Mal’s very own exchange. Users will also be able to purchase, withdraw, trade, cash out and exchange EML tokens and other digital coins using the EML exchange platform.
The tokens are safely stored in e-Mal Wallet, which is available on app stores for both iOS and Android. The e-Mal app features a number of functions designed to help users manage their tokens on the go.
For example, the e-Mal Fin-Hub function, enables users to access salary cards, smart loans, smart savings and transfer instantly, the e-Mal Info-Hub features trending global stories, government and monetary news, as well as e-Mal updates, while the e-Mal Utility Hub allows users to easily pay utility bills, recharge their mobile phones and also avail special offers under one roof – the e-Mal ecosystem.
"Contracts executed through the Blockchain are highly secure, reliable and enforceable at Dubai courts, which adds an additional layer of protection to contracting parties' rights," said Abdullah Al Nasser, Chairman of Araa Group advocates and Legal Consultants, the country's first law firm to implement blockchain contracts.
By creating a whole new peer to peer ecosystem, e-Mal aims to revolutionize the way individuals, businesses and entrepreneurs transact to make payments, micro-lending and associated products such utility bills, domestic and Cross-Border remittances, micro savings and much more.
e-Mal is available now, and the exchange will be fully functional for trade and transactions by February 1st 2019.
For more information, please contact:
Said El Banna
Elite Media
smahmoud@elitemedia.me
+971506005662
About e-Mal:
e-Mal is a Financial Eco-System that improves and enhances the way we as a society transact, based on the Blockchain, utilising Smart Contracts. e-Mal is an end to end infrastructure which transforms and revolutionises the way exchanges are run and bring together an eco-friendly financial hub, provisioning both national and international, digital and fiat currency exchanges to work together seamlessly. e-Mal is not just another digital token, digital wallet or a mobile application, it is a platform introducing the ultimate Smart Economy to the government, employers, consumers, migrants, traders, and individuals from various walks of life. We promote sustainability - and this word is not just applicable to the environment but to the life-cycle of every single individual. Along with creating an environment which is greener and cleaner for our next generations, our focus is also building bridges and creating inclusion within the global financial systems. e-Mal is a Smart Financial Solution and a scalable and agile platform which creates value for their stakeholders while creating cost efficiency and enhanced user experience.
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
