Dubai Partners With Crypto.com to Enable Stable Cryptocurrency Payments for Government Services, Aiming for 90% Cashless Transactions by 2026

Dubai’s Department of Finance has entered into a partnership with Crypto.com, a cryptocurrency trading platform, to enable the payment of government service fees using stable cryptocurrencies. This initiative, announced at the Dubai FinTech Summit, is part of Dubai’s ‘Dubai Cashless Strategy’, which aims to transition the city into a fully digital, cashless society by introducing a new digital payment channel across its official platforms. The agreement will allow individuals and businesses to pay service fees through Crypto.com’s digital wallets. The payments will be converted into Emirati dirhams and transferred to Dubai Finance accounts, supporting the city’s goal of achieving 90% cashless transactions across public and private sectors by 2026. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant