Dubai Government accepts Cripto through Crypto.com Partnership

Dubai’s Finance Department announced Partnership with a CRIPTO platform Cripto.com This will allow the Government to be serviced for the payment fees for the cryptocurri of large caps.

The Memorandum of Understanding between Government officials of Dubai and Mohamed Al Hakim, the CRIPTO.com UAE, was signed on Monday on the margins of Dubai Fintech Summit.

Once technical arrangements for the initiative, individuals and “users of state entities”, will be able to pay services for services through digital banknotes on Cripto.com, Dubai Finance said.

“The platform will certainly turn these payments to Emirate Dirhams and transfer them to accounts in Dubai, providing a simplified, safe and innovative payment framework,” he added.

In the CNBC statement, the CNBC spokesman has added that the agreement will allow anyone within Dubai to pay utilities provided by governments, including parking, with cropto cropto cropto cropples in a wholesale market.

Dubai Finance did not immediately answer the request for CNBC comment.

Government officials said the press release that the partnership would help achieve “Dubai-free strategy”, which strives to strengthen Dubai status as the leading digital city. The strategy aims to reach 90% of non-annual transactions through Dubai’s public and private sectors until 2026. Years.

Crypto.com’s Al Hakim called the initiative “Really Global First Program”.

Cripto.com first received a license In order for his Dubai Entity to offer regulated activities of virtual assets in 2023. years. Last month, the company said she also issued Duba’s regulatory body of property Limited license to offer derivatives.

Dubai was Betting on the crypto industry It becomes global technology for years.