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coinpedia 2025-05-13 08:43:32

Dubai Launches Crypto Payments for Public Services

The post Dubai Launches Crypto Payments for Public Services appeared first on Coinpedia Fintech News Dubai is stepping up its game in digital finance. In a major move, the government has partnered with Crypto.com to allow residents and businesses to pay for government services using cryptocurrencies . The news was announced at the Dubai Fintech Summit, where the deal was formalized between Dubai’s Department of Finance and Crypto.com. How It Works The system will use Crypto.com’s wallet infrastructure to process payments, converting crypto into dirhams (AED) before sending them to government accounts. While the exact cryptocurrencies accepted weren’t named, the statement confirmed that stablecoins would be used to ensure smooth and secure transactions. The feature will go live once technical integrations are complete. Crypto Finds a Home in Dubai This isn’t just about crypto payments, it’s part of Dubai’s broader push toward a fully cashless economy. The emirate launched its “Cashless Dubai Strategy” in October 2024, aiming to make over 90% of financial transactions digital by 2026. The government is already 97% digital in its payment systems, and this new partnership is designed to accelerate that final push. High-level officials, including Abdulla Mohammed Al Basti and Abdulrahman Saleh Al Saleh, backed the agreement, highlighting how it fits into Dubai’s D33 Economic Agenda — a plan to make the city a global innovation hub. Meanwhile, Crypto.com’s UAE head, Mohammed Al-Hakim, emphasized the deal as a step forward in normalizing crypto in everyday life. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Nasdaq-Listed GDC Buys $300M Worth Bitcoin and TRUMP Token , Real Estate Goes Crypto Too The shift isn’t limited to government services. Private sector projects, including the under-construction Trump International Hotel and Tower in Dubai, have already announced plans to accept crypto payments, showing how digital assets are becoming mainstream in the city’s booming real estate market. Overall, Dubai isn’t just experimenting with crypto, it’s putting it to work. From paying your bills to buying property, the city is building a real-world use case for digital currencies, positioning itself as a serious global leader in fintech innovation. Will it be a threat to the US? We have to wait and watch. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Yes, Crypto.com is available in Dubai and has partnered with the government to enable crypto-based payments. Is Dubai crypto tax free? Yes, Dubai has no capital gains tax on crypto, making it a tax-friendly location for digital asset holders. Is Dubai crypto friendly? Absolutely. Dubai supports crypto adoption with regulations, partnerships, and real-world integration.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.