Dubai partners with Crypto.com to enable public service payments using crypto assets, converted to AED automatically.
The initiative supports Dubai's aim of achieving 90% cashless transactions by 2026 in both public and private sectors.
Through a MoU with Crypto.com, payments made in cryptocurrencies will be converted to dirhams and deposited into the Dubai Department of Finance account.
This move solidifies Dubai's position as a growing global crypto center with plans for digital transformation and investment in blockchain-based projects.