The Dubai government announces a partnership with Crypto.com to accept payments in digital assets
Dubai is partnership with Excination Crypto.com to accept digital assets for government fees.
The UAE Ministry of Finance (DOF) signed the Memorandum of Understanding (Mou) with the encryption company as part of its continuous “non -monetary strategy”.
Dubai aims to conduct more than 90 % of financial transactions in both the public and private sectors through non -cash methods by next year.
When the agreement is completed, individual customers and businesses in the government entities of the emirate will be able to pay service fees through the digital portfolios of Crypto.com press release. Crypto.com will transfer encryption payments to UAE Dirhams and convert them into DOF accounts.
Dubai placed itself as a friendly judicial authority, as the emirate was set to host the Blocchain Week in December.
Ahmed Ali Mounta, CEO of the Central Accounts Sector, says that the Crypto.com partnership is part of the emirate’s efforts to develop into a global center for digital payments.
“We are actively developing an advanced organizational framework that enhances innovation while ensuring the highest standards of security and efficiency in digital financial transactions. This enhances customer confidence in the services of Dubai government and cancels new opportunities for economic growth. I have advanced.”
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
