Dubai has always been focused on robust and groundbreaking financial decisions. However, it is all set to revamp its stance on crypto with a crucial partnership with Crypto.com. This could catapult the country towards cashless transactions.
Organisations have shared reports stating that the state of Dubai is looking to change gears and move towards complete crypto adoption. The strategy or goal behind this move is to push people towards crypto.
90% Crypto Adoption By 2026
According to reports, the state wants to transform the country’s payment structure by 2026 completely. The goal is to revamp 90% of the ecosystem. Rumours suggest this is an effort to make the population comfortable with crypto payment methods ahead of the release of state-sponsored exchanges.
The Dubai government has one simple mission: to transform archaic payment methods into more detailed crypto adoption. If the mission succeeds, Dubai could be the next big name in the crypto world.
Reports suggest that the scale of this partnership would be huge and will eventually open many doors for the future. The government might soon use crypto to pay people’s salaries. Therefore, the integration is supposed to be quite robust.
