Dubai has taken a major step toward digital transformation by integrating Cryptocurrency payments into its public administration! 🏛⚖️
Citizens and businesses will now be able to pay for taxes and fines using cryptos, which will be automatically converted in AED (Dirhams).
This action is part of Dubai’s Cashless financial strategy launched in Oct. 2024, which aims to have over 90% of transactions digitalized.
Another business in Dubai, the Trump International Hotel which is still under construction, will accept $BTC as payment, highlighting the city’s openness to innovation in finance.
In summary, these moves will increase crypto reliability and usefulness.