Al Maryam Bank has announced the signing of a strategic cooperation agreement with '7X Group', which operates in trade, transport, and logistics sectors. The goal of this partnership is to enhance the digital payments system in the UAE. According to a statement issued yesterday, this cooperation will enable the adoption of blockchain-based payment solutions using 'AE Coin', the first stablecoin pegged to the UAE dirham and licensed by the Central Bank. 'AE Coin' will be integrated into the logistics systems and e-commerce and digital service platforms of '7X Group' across all emirates. In turn, the CEO of '7X', Tarek Al Wahdi, stated: 'Our cooperation with Al Maryam Bank establishes a leading national partnership that combines the regulated digital currency 'AE Coin', backed by the UAE dirham, with the strength of our logistics network spanning the nation'. The CEO of Al Maryam Bank, Mohammad Wasim Khayat, added: 'By integrating 'AE Coin' into our postal, e-commerce, and delivery systems, we are moving blockchain services from the experimental phase to nationwide application'.
