Dubai has formalized a partnership with Crypto.com during the Dubai Fintech Summit aimed at integrating cryptocurrency payments for government services.
The initiative could generate an economic impact of at least 8 billion dirhams (around 2.1 billion USD) as Dubai strives for a cashless economy, targeting 90% cashless transactions by 2026.
The Dubai Department of Finance has stated that payments will primarily utilize stable cryptocurrencies, signaling a broader adoption of digital assets in public services.
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