Dubai Government Announces Partnership With Crypto.com To Accept Payments in Digital Assets
Dubai is partnering with the exchange Crypto.com to accept digital assets for government fees.
The emirate’s Department of Finance (DOF) signed the memorandum of understanding (MoU) with the crypto firm as part of its ongoing “cashless strategy.”
Dubai aims to conduct more than 90% of financial transactions across both the public and private sectors through cashless methods by next year.
When the agreement is finalized, individual and business customers of the emirate’s government entities will be able to pay service fees through Crypto.com’s digital wallets, per a new press release. Crypto.com will convert the crypto payments into Emirati dirhams and transfer them to DOF accounts.
Dubai has positioned itself as a…
