Dubai government to accept crypto payments through Crypto.com partnership
The partnership will help achieve the "Dubai Cashless Strategy," which seeks to solidify Dubai's status as a leading digital city.
Dubai's Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with large-cap cryptocurrencies.
The memorandum of understanding between Dubai government officials and Mohammed Al Hakim, president of Crypto.com UAE, was signed Monday on the sidelines of the Dubai FinTech Summit.
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, Dubai Finance said.