Dubai for accepting Crypto Government Services in partnership with Crypto.com – TradingView News
The Dubai government will soon allow residents and companies to pay the price of government services using the encrypted currency. This step, which has become possible through a new partnership with Global Crypto Platform Crypto.com, aims to include digital assets in general financing on a large scale.
A new payment form with the support of Dubai institutions
Dubai Finance Ministry (DOF) has made the official character to the agreement during the Dubai Fintech Summit. The main government figures, including the Secretary -General of the Executive Council, Abdullah Muhammad Al -Bayti and the Director General of Abdel Rahman, Salad, supervised the signing of the Memorandum of Understanding (Mou) with Crypto.com.
Dubai Financial (DOF) signed a memorandum of understanding with https://t.co/hznta4pnxbThe internationally recognized cryptocurrency trading platform, to enable the payment of government service fees using encrypted currencies – an initiative that represents an important step in progress … pic.twitter.com/ioh7koz50p
The partnership aims to implement Dubai’s non -cash strategy by providing a channel to pay government fees in the governor of encrypted currencies. Crypto.com technical infrastructure will allow the transfer of digital assets to Dirhams, transfer money to Dof, and ensuring compliance and safety.
Commenting on this step, Eric Anziani, head and director of operations at Crypto.com, said: “The Dubai government was a real global vision with its plans for a non -critical society. We are proud of his choice to support the Ministry of Finance in Dubai as part of this initiative, which is seen Crypto.com from the first comprehensive and comprehensive surgery implementation.”
Read more: Crypto.com Excination joins the lynq network to enable the actual time to institutional customers
The agreement supports the emirate’s ambition to drive in financial innovation and digital transformation. This shift is in line with the broader targets of Dubai Economic Business schedule, a long -term plan to strengthen the city’s position as an economic center and global innovation.
Officials view the initiative as a gateway to more comprehensive and effective services. Ama Mohamed Lootah, director of the digital payment systems regulations, highlighted that the goal is more than 90 % of all public and private transactions to be non -criticism by 2026.
Crypto.com steps to the role of the public sector
Once the system walks on the air, Dubai and companies will be able to pay the price of public services directly through their encryption portfolios. Crypto converting to Dirham will be handled by Crypto.com behind the scenes, providing a smooth user experience.
Last week, Crypto.com became the first exchange partner on the LynQ network, where he embraced the real time settlement and transportation capabilities.
According to exchange, it enables cooperation to improve how capital flow through encryption markets by reducing risks and improving the efficiency of institutional customers. Crypto.com cooperates to a consortium that includes financial and encryption companies such as B2C2, Galaxy, Wintermute and US Bank.
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