Dubai will convert cryptocurrency payments received for government services into dirhams before transferring the funds to the accounts of the Dubai Department of Finance

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Once the service goes live, individuals and business customers of government entities can pay service fees with crypto through Crypto.com’s digital wallets. The payments will be converted into dirhams and transferred to DOF accounts, according to the DOF.

Under this partnership, Crypto.com will provide digital wallets that allow individuals and businesses to pay for government services using crypto. Although the Dubai Department of Finance (DOF) has not confirmed the accepted coins, it has hinted at the use of “stable cryptocurrencies.” All crypto payments will be instantly converted to dirhams and transferred to DOF accounts.