Dubai's finance department announced it will begin accepting cryptocurrencies for government payments, collaborating with Crypto.com after signing a memorandum of understanding. The initiative aims to support the city's ambition of becoming cashless, enhancing the efficiency of government transactions. This move aligns with Dubai's reputation as a crypto-friendly city, further established at the recent Token2049 conference, showcasing the emirate's commitment to digital transformation. The finance department highlighted the importance of adopting secure financial technologies, stating that around 97% of government payments are already digital. The types of cryptocurrencies accepted have not yet been specified. This partnership intends to foster innovation in financial services and facilitate the digital payment process in Dubai.

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