ADNOC Distribution Integrates AE Coin for Revolutionary Payment Methods
In a pioneering move announced at Abu Dhabi Finance Week, ADNOC Distribution is set to revolutionize payment methods by integrating AE Coin, a stable digital currency, into its services across the UAE and beyond. This initiative marks a significant milestone, as it is the first time a fuel and convenience retailer in the region has incorporated digital assets into everyday transactions.
Collaboration and Customer Convenience
Collaborating with Al Maryah Community Bank, ADNOC aims to enhance customer convenience while reinforcing the UAE’s goal to become a leader in regulated digital payment systems.
AE Coin, which is pegged to the UAE dirham, offers a reliable alternative to traditional cryptocurrencies by providing stable value and ensuring swift, transparent transactions through blockchain technology. Customers using the AEC Wallet—specially provided by Al Maryah Community Bank—will be able to purchase fuel, snacks, car washes, and a range of other services at ADNOC stations seamlessly without the need for cash or cards. This process not only streamlines transactions but also assures compliance with Central Bank guidelines and provides traceability.
Strategic Vision and Industry Leadership
The integration of AE Coin is part of ADNOC’s broader strategy to enhance user experience and position the company at the forefront of technological advancements in the industry. Eng. Bader Saeed Al Lamki, the CEO of ADNOC Distribution, stated that this development underscores a commitment to evolving customer services and embracing future capabilities.
This initiative also aligns with the UAE Digital Economy Strategy and the national vision aimed at establishing the country as a global leader in blockchain technology. As stablecoins become increasingly adopted worldwide—having surpassed a market value of $200 billion in 2025—ADNOC’s move signals a vital step towards mainstream acceptance of digital tokens in everyday commerce.
Future of Consumer Transactions
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, expressed that this groundbreaking effort to facilitate virtual asset payments represents a significant advancement in the UAE’s digital transformation journey.
With stablecoin transactions set to roll out at 980 ADNOC stations within the UAE, Saudi Arabia, and Ethiopia, this innovation potentially sets the stage for a new era of consumer transactions. Meanwhile, stakeholders and consumers are encouraged to remain informed of the inherent risks associated with cryptocurrency investments, as the landscape continues to evolve.
