Crypto started as something insignificant. Nobody thought anything about it at first. However, it eventually grew into one of the current decade’s most robust and detailed financial niches. Now, nations are thinking about including crypto in their financial portfolios, which suggests that crypto is experiencing major adoption acceleration.
One of the most interesting developments in this aspect is the official recognition of crypto as a payment method by the famous Emirates Petroleum Company, also known as Emarat. Emarat has allegedly struck a deal with Crypto.com. According to this deal, Emarat would integrate crypto payment in 10 stations in the UAE.
The plan is to gradually spread this across the 155 Emarat locations of the UAE. This could open the door for a more robust crypto integration as a day-to-day payment medium, which can soon spread across other industries as well.
According to local reports, the initiative will start in the Al Ameen Station, located on Al Wasl Road. Therefore, soon enough, this endeavor will slowly spread across more stations. Mohammed al-Hakim, president of the UAE Crypto.com branch, and Ali Bin Zayed Al Falasi, CRO of Emarat, have stated that this move is an important step towards innovation and crypto adoption.
