Dubai enables cryptocurrency payments for government fees

Dubai Media Office

Dubai's Department of Finance has signed an agreement with global cryptocurrency trading platform Crypto.com to enable the payment of government service fees using cryptocurrency.

The Memorandum of Understanding was signed at the Dubai FinTech Summit in the presence of senior officials.

Once the system is activated, individuals and businesses will be able to use Crypto.com's digital wallet to pay for government services.

The platform will convert crypto payments into Emirati dirhams and securely transfer the funds to Dubai Finance accounts.

The move supports the Dubai Cashless Strategy, which aims to boost the local economy and strengthen Dubai’s position as a global leader in financial innovation and digital transformation.

Officials say the initiative marks a major step toward a fully digital, cashless government that embraces secure, inclusive and future-ready financial solutions.

More from Business News

On Virgin Radio today

Trending on Virgin Radio