Emirates and Dubai Duty Free sign MoU with Crypto.com to adopt crypto payments
Main Idea
Emirates Group and Dubai Duty Free have signed MoUs with Crypto.com to adopt cryptocurrency payments, as part of the UAE's broader digital transformation strategy.
Key Points
1. Emirates Group and Dubai Duty Free signed separate MoUs with Crypto.com to integrate crypto payments into their platforms.
2. The UAE is pushing for blockchain adoption, with government services, telecom, and fuel sectors already exploring crypto payments.
3. Dubai aims to become 90% cashless by 2026, with Crypto.com also partnering with the Department of Finance for government service fee payments.
4. The payment rollouts are still in early stages, with feasibility studies underway for implementation.
5. The UAE's multi-sector crypto adoption reflects its commitment to fostering an innovation-driven economy centered on financial technology.
Description
Dubai is deepening its digital finance strategy by introducing cryptocurrency payments across both aviation and retail. In two separate developments, Emirates Group and Dubai Duty Free have independently signed Memoranda of Understanding (MoUs) with Crypto.com to explore the integration of crypto payment options into their services. These efforts are part of the UAE’s larger push to promote blockchain technology, reduce reliance on cash, and position itself as a global digital asset hub. Under i...
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