Dubai Embraces Crypto: Government Services Now Accept Digital Currencies

Dubai has taken a significant step forward in embracing digital finance, announcing the integration of cryptocurrency payments for government services. In partnership with Crypto.com, residents and businesses can now utilize stablecoins to make payments for public transactions. The deal, formalized at the Dubai Fintech Summit, utilizes Crypto.com’s wallet infrastructure to convert cryptocurrencies into dirhams (AED) before transferring funds to government accounts.