The Dubai government opens the door to accepting the encryption to obtain service fees

Dubai agreed to allow the encoded currency payments for government services in a deal with the exchange of encryption Crypto.comTake a step towards implementing its plan for a non -critical society.

Once the technical details are completed, the agreement will allow individuals and companies to pay the fees using digital portfolios from Crypto.comAnd it is licensed by the organizational authority of the virtual principles of the emirate (VARA). The platform will then transfer the amounts to Dirhams for payment, according to Monday press release.

She said in the statement that the agreement allows the government to “harness financial technology to launch a new digital payment channel on the government’s digital gates.” The non -cash strategy is expected to add at least 8 billion Deirham ($ 2.2 billion) annually to the economy.

Dubai builds encryption credentials for several years and sees itself as a Middle East Cheap Center. In March 2022, Vara was created, describing it as the first independent organizer in the world, and gave licenses for exchanges including Binance and OKX. The Miyahrs strategy also began to attract 1000 Metaverse and Blockchain companies by 2030.