Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Dubai Cashless Strategy: Crypto.com Partners with Dubai Government for Payment Services

by SB Crypto Guru News
May 13, 2025
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0


Dubai’s Department of Finance (DOF), on 12 May 2025, signed a Memorandum of Understanding (MoU) with Crypto.com to enable crypto payments for various payment services.

As a result of this collaboration, residents and businesses will be able to pay for services like visa fees, licensing, and utilities with crypto via Dubai Pay, the government’s digital payment platform. A pilot program later this year will commence the implementation of this service.

Crypto.com President Mohammed Al Hakim said, “Today’s announcement represents significant progress for the adoption of digital finance with a comprehensive integration into the layers of government payments.” Notably, the company entered Dubai in 2023 after receiving its first Virtual Asset Regulatory Authority (VARA) license.

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.

Read more Dubai Cashless Strategy: Crypto.com Partners with Dubai Government for Payment Services https://t.co/1UJbe7YEH7 pic.twitter.com/YbaoBChldI

— Crypto.com (@cryptocom) May 13, 2025

Abdulrahman Saleh Al Saleh, Director General of the Department of Finance, stated, “We take great pride in Dubai Finance’s key role in driving the Dubai Cashless Strategy and shaping a distinctive digital financial future.”

Explore: Best Meme Coin ICOs to Invest in 2025

Hashkey Bags VASP License Through VARA to Operate in the UAE

Hashkey, on 12 May 2025, announced its official launch in the UAE with the establishment of Hashkey Global MENA. The Virtual Asset Service Provider (VASP) license that the company obtained through Dubai’s VARA allows Hashkey to provide crypto exchange as well as broker-dealer services within and from Dubai.

Sherif Sanad, country manager, HashKey Global MENA, stated, “As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated, secure gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered.”

Going forward, the Hashkey Global MENA will focus on providing individuals as well as institutions in the region with regulated and secure access to virtual asset services.

Furthermore, fiat-to-crypto transactions in USD and AED will be facilitated by the platform in collaboration with Standard Chartered, an international banking group headquartered in London, UK.

Also, the partnership will offer over-the-counter (OTC) trading services for established cryptocurrencies.

Explore: The 12+ Hottest Crypto Presales to Buy Right Now

Dirham-Based Crypto Conversion Services Started by Mbank in the UAE

The UAE’s integrated digital bank, Al Maryah Community Bank (Mbank), along with crypto custodian Changer, announced on 12 May 2025, the launch of a dirham-based crypto conversion service.

The UAE’s central bank facilitates secure and regulatory-compliant escrow holding of AED funds using Mbank’s digital infrastructure. Additionally, it enables the conversion of digital assets and stablecoins, including USDT and USDC, into AED through the Changer platform.

Mohammed Wassim Khayata, CEO of Mbank and a board member of Changer, stated, “By providing AED Escrow Account Services to Changer, we ensure secure and regulated dirham-to-crypto conversions for Changer clients.”

Tarek Soubra, CTO at Mbank, continued, “Customers can now convert their cryptocurrencies into AED through Changer.ae and then use their converted AED funds immediately and seamlessly, with Mbank holding the AED funds in escrow. Alternatively, Mwallet customers can now receive their converted AED funds immediately into their wallets and use them for any supported transactions or for immediate cash withdrawal using a Jaywan ATM card.”

Explore: Top Solana Meme Coins to Buy in 2025

Emarat and Crypto.com Collaborate to Bring Crypto to Fuel Stations in the UAE

Emarat, the state-owned fuel retail company, through its partnership with Crypto.com, has enabled customers to pay for fuel and other retail services using cryptocurrency.

The initial phase of this integration, announced on 8 May 2025, will be limited to 10 Emarat fuel stations across the UAE, with plans to enable crypto payments across its entire network.

Ali Khalifa Al Shamsi, Director-General of Emarat, stated, “Our partnership with Crypto.com reflects our commitment to innovation and providing customers with diverse payment options. This initiative is also in line with the UAE’s strategy to lead in digital finance and emerging technologies.”

As a result, Customers can now pay for fuel using Bitcoin and other digital assets directly at the pump, bypassing traditional fiat transactions.

Explore: 20+ Next Crypto to Explode in 2025

Key Takeaways

  • Emarat, in collaboration with Crypto.com, has enabled customers to pay for fuel and other retail services using cryptocurrency.
  • Hashkey Global MENA, now operational in the UAE, will facilitate Fiat-to-crypto transactions in USD and AED in collaboration with Standard Chartered
  • Dubai DOF signed an MoU with Crypto.com to enable crypto payments for various government services

The post Dubai Cashless Strategy: Crypto.com Partners with Dubai Government for Payment Services appeared first on 99Bitcoins.





Source link

Tags: Bitcoin NewscashlessCrypto NewsCrypto UpdatesCrypto.comDubaiGovernmentLatest News on CryptoPartnersPaymentSB Crypto Guru NewsServicesStrategy
Previous Post

US Pro-Crypto Regulations Set to ‘Expand Dominance of U.S. Dollar’

Next Post

Jamie Lee Curtis Forces Meta to Remove Deepfake Ad

Related Posts

Ethereum At A Make-or-Break Moment: Chart Structure Signals A Mega Move

Ethereum At A Make-or-Break Moment: Chart Structure Signals A Mega Move

by SB Crypto Guru News
July 23, 2025
0

Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart...

Ethereum Technical Analysis: Bullish Structure Intact—If ,600 Support Survives

Ethereum Technical Analysis: Bullish Structure Intact—If $3,600 Support Survives

by SB Crypto Guru News
July 23, 2025
0

Ethereum traded at $3,674 on July 23, 2025, with a market capitalization of $443 billion and a 24-hour trading volume...

MetaMask Launches An NFT Reward Program – Here’s More Info..

MetaMask Launches An NFT Reward Program – Here’s More Info..

by SB Crypto Guru News
July 23, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage MetaMask, the globally acknowledged cryptocurrency and non-fungible...

Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made

Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made

by SB Crypto Guru News
July 23, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A pair of arrests and the seizure...

Britain Weighs Selling .2 Billion Bitcoin Hoard to Fill Budget Gap

Britain Weighs Selling $7.2 Billion Bitcoin Hoard to Fill Budget Gap

by SB Crypto Guru News
July 23, 2025
0

The UK government is considering tapping into its massive Bitcoin reserve to help ease growing financial pressure. Chancellor Rachel Reeves...

Load More
Next Post
Jamie Lee Curtis Forces Meta to Remove Deepfake Ad

Jamie Lee Curtis Forces Meta to Remove Deepfake Ad

Crypto Derivatives Get FCA Approval in UK as Trading Venue GFO-X Launches for Institutions

Crypto Derivatives Get FCA Approval in UK as Trading Venue GFO-X Launches for Institutions

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.