Dubai and Crypto.com Collaborate to Revolutionize Government Payments with Crypto!

Updated

May 14, 2025

Gambar Dubai and Crypto.com Collaborate to Revolutionize Government Payments with Crypto!

Jakarta, Pintu News – Dubai has announced a strategic partnership with Crypto.com, which aims to integrate crypto payments in its government services. The initiative is part of a wider strategy to achieve cashless transactions across the emirate, supporting Dubai’s vision of becoming a digital and cashless city.

Check out the full news below!

Strategic Partnership for Digital Payments

On May 12, during the Dubai Fintech Summit, the Dubai government and Crypto.com signed a cooperation agreement. This partnership allows the use of Crypto.com’s digital wallet to pay for government services with crypto.

Although Dubai’s Ministry of Finance has not confirmed the types of crypto that will be accepted, they emphasized the use of “stable crypto” for transactions. This cooperation not only strengthens Dubai’s position as a global fintech hub, but also supports Dubai’s initiative to reduce the use of cash.

With 97% of government transactions already digitized by 2023, this move is expected to accelerate the achievement of the 90% cashless transaction target by 2026.

Also read: New Innovation, Solana Co-Founder Reveals Global Meta Blockchain Plans!

Economic Benefits and Technological Innovation

https://t.co/vCNztATkNg is proud to be selected to support @DOF_Dubai in a world-first agreement to enable a Government-wide implementation of payments digitisation.

Read more 👉 https://t.co/1UJbe7YEH7 pic.twitter.com/YbaoBChldI
— Crypto.com (@cryptocom) May 13, 2025

The integration of crypto payments in government services is expected to add at least $2.1 billion to Dubai’s economy annually. This initiative not only improves the efficiency of financial transactions but also promotes innovation in financial services.

Crypto.com plays an important role in this digital transformation, making it easier for citizens and businesses to adopt digital finance. In addition, large projects such as the Trump International Hotel and Tower also support this vision by accepting Bitcoin and other cryptocurrencies for purchases.

This move demonstrates Dubai’s commitment to integrating crypto payments in mainstream commerce and strengthens its position as a global leader in financial innovation.

Dubai as a Global Center for Crypto

Dubai has played host to various major crypto-related events, such as Token2049, and has introduced blockchain-based projects across various industries. The partnership with Crypto.com marks an important step in Dubai’s long-term strategy to become a global center for blockchain and crypto technology.

Crypto.com’s presence and activities in the UAE, including participation in major fintech events, demonstrate a strong commitment to supporting the crypto ecosystem in Dubai. These initiatives not only raise Dubai’s profile on the global stage but also attract investment and tech talent from around the world.

Conclusion

The partnership between Dubai and Crypto.com opens a new era in digital payments and government financial management. With a focus on innovation and security, Dubai is setting new standards in the adoption of financial technology and demonstrating the huge potential of crypto integration in public services.

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