Dubai Taps Crypto.com to Launch First Government Crypto Payment Portal
Dubai Finance (DOF) has partnered with Crypto.com to enable cryptocurrency payments for government service fees, marking the first government initiative globally to adopt such a system.
Signed on May 12, 2025, during the Dubai Fintech Summit, the agreement aligns with Dubai’s Cashless Strategy. Aiming for 90% of transactions to be cashless by 2026. Through Crypto.com wallets, cryptocurrencies will be converted into Emirati dirhams and transferred securely to DOF accounts.
The initiative is expected to boost Dubai’s economy by AED 8 billion annually. Enhancing fintech growth and solidifying the city’s position as a leader in digital payments.
Clever Robot News Desk 13th May 2025
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