🚖💰 Crypto in the Fast Lane: Abu Dhabi Taxis Now Accept AE Coin Payments—Fact or Hype?

Abu Dhabi’s taxi fleet might just be the latest crypto adoption frontier—if the rumors are true. The emirate’s cabs allegedly now accept AE Coin, a local crypto project, as payment. But is this a breakthrough or just another vaporware promise?

### The Crypto Taxi Test Drive

Sources claim select taxi operators have integrated AE Coin wallets, letting passengers zap fares via QR codes. No official confirmation yet—just chatter from drivers and crypto forums. If real, it’d be a first for MENA’s regulated transport sector.

### Why AE Coin? (And Why Now?)

The token’s backers pitch it as Abu Dhabi’s answer to Dubai’s crypto hub ambitions. But skeptics note its trading volume barely cracks $1M daily—hardly the liquidity needed for mass transit adoption. Cue eye-rolls from TradFi bankers.

### The Bottom Line

Until the DMT (Department of Municipal Transport) verifies the news, treat this as a speculative joyride. Because in crypto, even ‘fact checks’ sometimes need a fact check.

Abu Dhabi has just made history and has taken a major step forward in digital innovation. Passengers can now pay for their taxi rides using AE Coin through the AEC Wallet app, across all Tawasul taxis in the Emirate of Abu Dhabi.

AbuDhabi’s Push for Smart Mobility 

This milestone is part of a broader push to improve digital payments and create a smarter, safer, and more seamless travel experience. This is the first time anywhere in the world that a stablecoin pegged to the UAE dirham is being used for public transport.

The initiative is launched by Tawasul Transport in partnership with Al Maryah Community Bank and the Integrated Transport Center (ITC).

Easy, Secure Taxi Payments with AE Coin

The AEC Wallet makes paying for taxis easy and secure, as passengers simply scan a QR code inside the vehicle to complete their ride. AE Coin is pegged 1:1 with the UAE dirham, offering price stability and boosting confidence in using digital currency.

The app is free to download on the Apple Store, Google Play, and Huawei AppGallery. It is designed for fast, low-cost transactions with strong security features. The new system supports the city’s push for digital growth and helps strengthen its role as a global leader in fintech and smart transport.

Mr. Ghena Jbour, General Manager of Tawasul Transport, said-

“This initiative serves as a model of effective collaboration between all entities striving for continuous development within the integrated transport ecosystem. It reinforces the UAE’s leading position in innovation and digital transformation in the transportation sector.”

He added that the use of AE Coin in public transport shows their commitment to future-ready financial solutions that blend technology, ease of use, and sustainability. 

AE Coin To Expand to More Services 

The AEC Wallet app is set to expand across more transportation services, retail stores, and merchants throughout the UAE. This will offer users greater convenience and more ways to use digital payments in their daily lives.