Key Takeaways:
- Dubai has partnered with Crypto.com to enable crypto payments for government services, supporting its goal to become a fully digital, cashless society.
- The system will allow payments via Crypto.com wallets, converting crypto to dirhams for deposit into government accounts.
- Dubai aims for 90% of public and private transactions to be cashless by 2026, potentially boosting the economy by $2.1 billion.
Dubai has partnered with Crypto.com to enable cryptocurrency payments for government services, advancing its vision of becoming a fully digital, cashless society.
Announced at the Dubai Fintech Summit on May 12, the collaboration allows residents and businesses to use Crypto.com wallets for payments, which will be converted to dirhams and deposited into government accounts.
Dubai’s Department of Finance announced a partnership with crypto platform https://t.co/2fJwCJ6Hge that will allow government service fees to be paid with cryptocurrencies.
— CNBC International (@CNBCi) May 13, 2025
Read more here: https://t.co/nFGY7POdaQ pic.twitter.com/kv3iYBFcQG
The initiative is a key part of Dubai’s Cashless Strategy, aiming for 90% of all public and private transactions to be cashless by 2026.
While the Dubai Department of Finance (DOF) hasn’t specified which cryptocurrencies will be accepted, it confirmed that “stable cryptocurrencies”—likely stablecoins—will be included.
https://t.co/vCNztATkNg is proud to be selected to support @DOF_Dubai in a world-first agreement to enable a Government-wide implementation of payments digitisation.
— Crypto.com (@cryptocom) May 13, 2025
Read more 👉 https://t.co/1UJbe7YEH7 pic.twitter.com/YbaoBChldI
This aligns with the UAE’s broader digital finance goals, including a recent announcement by Abu Dhabi institutions about a dirham-pegged stablecoin.
The move builds on Dubai’s existing digital infrastructure, with 97% of government payments already made digitally in 2023.
The DOF estimates the strategy could contribute around 8 billion dirhams ($2.1 billion) to the economy.
Regulatory development remains a priority to ensure security and innovation in digital transactions.
Dubai also continues to host major crypto events like Token2049, reinforcing its role as a regional leader in digital finance and blockchain innovation.
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