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- Dubai to launch digital payments for government services using stable cryptocurrencies through Crypto.com.
- The initiative aligns with Dubai’s Cashless Strategy and digital transformation vision.
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Payments will be securely processed through digital wallets, converted into AED, and credited to Dubai’s Department of Finance.
The Department of Finance in Dubai has announced the signing of a Memorandum of Understanding (MoU) with global cryptocurrency exchange Crypto.com, paving the way for citizens and businesses to pay government service fees using stable digital currencies.
The MoU was signed during the Dubai Fintech Summit, held at the Dubai International Financial Centre (DIFC), in the presence of:
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Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai
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Abdulrahman Saleh Al Saleh, Director General of Dubai’s Department of Finance
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Signing officials included Ahmed Ali Moftah, Executive Director of Central Accounts Sector at the Department of Finance, and Mohammad Hakim, General Manager of Crypto.com in the UAE.
A Step Towards a Cashless, Tech-Driven Economy
According to an official government statement, this agreement supports the goals of Dubai’s Cashless Strategy, aiming to transform the emirate into a fully digital society. Through this MoU, digital wallets on Crypto.com will be integrated into Dubai’s digital payment gateways, allowing secure and innovative payment of public service fees using stable cryptocurrencies.
Boosting Dubai’s Fintech Ecosystem and Economic Growth
Dubai’s Department of Finance estimates that the broader cashless transformation strategy could contribute AED 8 billion annually to the local economy. This will be achieved through:
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Accelerating the growth of the fintech ecosystem
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Expanding the scope of digital financial services
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Supporting innovation in digital payments infrastructure
Secure Payment and Seamless Integration
Once technical integration is completed, individuals and businesses will be able to pay for government services using their Crypto.com wallets. Payments will be instantly converted to UAE dirhams and settled in the accounts of Dubai’s Department of Finance—ensuring compliance, transparency, and security in every transaction.
This move highlights Dubai’s position as a regional and global leader in adopting next-generation technologies to improve government services and support a smart digital economy.
