Dubai Finance Partners With Crypto.com to Accept Cryptocurrency for Government Fees in Push Toward 90% Cashless by 2026

Dubai has taken a major step toward becoming a cashless city by integrating cryptocurrency payments into its government services. The Dubai Finance Department has signed a memorandum of understanding (MoU) with Crypto.com to enable residents to pay government service fees using cryptocurrencies. Crypto.com will facilitate payment processing by converting crypto funds into UAE dirhams (AED). This initiative supports Dubai’s broader goal of achieving 90% cashless transactions by 2026. Additionally, Dubai residents can now pay for fuel and car services in cryptocurrency across hundreds of stations, and the Careem super app offers delivery of 24-carat gold coins to homes within the UAE. These developments highlight Dubai’s push to advance digital payment systems and promote crypto adoption among its population, including millions of Indian expatriates living in the emirates. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant