Crypto.com to Power Dubai’s First Government Crypto Payment Channel

Description

Dubai Finance (DOF) has partnered with cryptocurrency platform Crypto.com to enable cryptocurrency payments for government service fees, marking the first such initiative by a government globally.

Authors

Jamie Redman

Publish date

May 12, 2025

Publisher

Bitcoin.com News

Web URL

https://news.bitcoin.com/crypto-com-to-power-dubais-first-government-crypto-payment-channel

Referenced by

Dubai Finance signs MOU with Crypto.com

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News story

Anma Mohammed Lootah, Director of Digital Payment Systems Regulation, said the initiative could add AED 8 billion ($2.2 billion) annually to Dubai’s economy by accelerating fintech growth

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The partnership aligns with the Dubai Cashless Strategy, which aims to transition 90% of public and private sector transactions to cashless methods by 2026.

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