Dubai government to accept crypto payments through Crypto.com partnership
Summary
Dubais Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with cryptocurrencies. Government officials said in a press release that the partnership will help achieve the "Dubai Cashless Strategy," which seeks to solidify Dubais status as a leading digital city. The strategy aims to reach 90% cashless transactions across Dubais public and private sectors by 2026. Once technical arrangements for the initiative are finalized, individuals and "businesses customers of government entities" will be able to pay service fees through digital wallets on Crypto.com. "The platform will securely convert these payments into Emirati dirhams and transfer them to Dubai Finance accounts, ensuring a streamlined, secure, and innovative payment framework," Dubai Finance added.