Arabic and Cyrillic domains have been enabled by ICANN. This will lead to hundreds of millions of people that are unfamiliar with Latin letters being able to go online more easily.
The first complete Cyrillic address is http://президент.рф/, meaning "president.rf" for the office of the president of the Russian federation. While the "http://" part remains in Latin characters, users will not have to type them to reach their destination.