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Dubai Finance partners with Crypto.com, and encryption payments will be used for government service fees.
Wu learned that Dubai Finance signed a memorandum of understanding with Crypto com, allowing users to pay government service fees through Crypto Assets. This move aims to advance Dubai’s cashless strategy and promote the development of digital payments. The agreement was signed during the FinTech summit held at the Dubai International Financial Center, and Crypto com will provide technical support to convert the payment amounts into UAE Dirhams and transfer them to the Dubai treasury account.