Dubai joins hands with Crypto.com to promote crypto payments and move towards the goal of "cashless government"

Dubai is accelerating towards a new era of digital economy. Recently, the Dubai government officially reached a cooperation agreement with Crypto.com, a world-renowned cryptocurrency platform, to allow residents and businesses to use cryptocurrencies to pay for various government services. This move marks a key step for Dubai in the field of digital financial infrastructure.According to the cooperation agreement, Crypto.com will provide technical support to ensure that the cryptocurrencies used by users in the payment process can be instantly converted into UAE dirhams and safely transferred to government accounts. This "seamless exchange" mechanism not only improves payment efficiency, but also lays a technical foundation for the large-scale application of cryptocurrencies.Amna Mohammed Lootah, Director of the Dubai Digital Payment System Regulatory Authority, said: "We are committed to making more than 90% of government and private sector transactions cashless by 2026, and this cooperation is an important step to achieve this goal." She emphasized that this is not only a means to improve the convenience of services, but also a strategic deployment to promote Dubai to become a global financial technology and innovation center.This cooperation is seen as a key component of the Dubai Economic Agenda D33 plan. The plan aims to make Dubai one of the top five financial cities in the world through digital reform, financial innovation and international cooperation. The introduction of cryptocurrency payment options also demonstrates the government's open attitude and active layout for the future digital asset economy.With the growing calls for the legalization and regulation of cryptocurrencies around the world, Dubai's move undoubtedly provides a realistic model for other countries and cities. Through in-depth cooperation with leading platforms in the crypto industry, Dubai is steadily advancing the blueprint of a "cashless city" and further consolidating its leadership in the global digital economic transformation.