Crypto.com Dubai Partnership: Paving the Way for a Cashless Future
On May 12, 2025, during the Dubai Fintech Summit, Crypto.com and the Dubai Department of Finance (DOF) signed a Memorandum of Understanding to facilitate cryptocurrency payments for government services. This initiative is part of Dubai’s broader strategy to achieve 90% cashless transactions across public and private sectors by 2026.
Under this partnership, residents and businesses will be able to pay for government services using cryptocurrencies through Crypto.com’s digital wallets. While the specific cryptocurrencies accepted have not been disclosed, the DOF has indicated a preference for “stable cryptocurrencies,” suggesting the use of stablecoins to mitigate volatility. All crypto payments will be instantly converted to Emirati dirhams and transferred to DOF accounts, ensuring seamless integration with existing financial systems.
In a related development, Crypto.com announced a partnership with Emirates General Petroleum Corporation (Emarat) on May 8, 2025, to introduce cryptocurrency payments at fuel stations across the UAE. The initial phase will enable crypto payments at ten Emarat service stations in Dubai and the Northern Emirates, with plans to expand the service throughout Emarat’s network of over 150 stations.
These collaborations underscore Dubai’s commitment to embracing digital finance and blockchain technology. By integrating cryptocurrency payments into everyday transactions, from government services to fuel purchases, Dubai is positioning itself as a global leader in the adoption of digital assets.
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