PANews, May 13 - According to Finance Magnates, the Dubai government has signed a cooperation agreement with the cryptocurrency platform Crypto.com, allowing residents and businesses to use cryptocurrency to pay for government service fees. The plan is based on Crypto.com's technological infrastructure to enable the instant conversion of digital assets into dirhams and transfer them to government accounts. Amna Mohammed Lootah, Director of the Dubai Digital Payment System Regulatory Authority, stated that the goal is to achieve over 90% cashless transactions in both public and private sectors by 2026. This initiative is an important part of Dubai's economic agenda D33 plan, aimed at consolidating its status as a global financial innovation hub.
