Dubai to allow payment of government service fees using crypto

News

The Department of Finance in Dubai Government, responsible for the development of the general annual budget and its execution (DOF), will enable government service fees to be paid in crypto using Crypto.com global UAE-regulated crypto exchange. The Memorandum of Understanding (MoU) was signed with Crypto.com, was signed at the Dubai Fintech Summit.

As per the post, the initiative marks a significant step in advancing digital finance on a global scale.

As per the news, once the system is activated, individuals and businesses will be able to use Crypto.com’s digital wallet to pay for government services. The platform will convert crypto payments into AED and securely transfer the funds to Dubai Finance accounts.

The move supports the Dubai Cashless Strategy, which aims to boost the local economy and strengthen Dubai’s position as a global leader in financial innovation and digital transformation.

Officials say the initiative marks a major step toward a fully digital, cashless government that embraces secure, inclusive, and future-ready financial solutions.

Emarat gas stations enable crypto payments

The UAE is witnessing more and more utilization of crypto for purchases whether in the real estate sector or even in day to day life. Furthermore crypto exchanges and custodians are partnering with governmental and financial institutions to offer crypto asset services in a transparent simple way.

Earlier, Crypto.com exchange partnered with Emarat Energy Company to offer crypto payment options at select Emarat service stations. Emarat runs more than 155 service stations across the UAE. The setup of crypto fuel stations signals a shift towards new payment methods.

Your crypto news deserves attention – KEY Difference Wire puts you on 250+ top sites

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply