Dubai Goes Full Crypto: Government to Accept Digital Payments in Push for Cashless Future
Oil money meets blockchain—Dubai’s government just greenlit crypto payments for all public services. The move accelerates their bid to ditch physical cash entirely by 2030.
Why it matters: This isn’t just about convenience. The UAE’s financial hub is making a power play to attract crypto firms fleeing tighter regulations elsewhere. Tax-free salaries paid in stablecoins, anyone?
The fine print: No word yet on whether they’ll accept memecoins for speeding tickets—but given Dubai’s appetite for spectacle, don’t rule it out. Meanwhile, traditional banks are quietly seething as another revenue stream gets disrupted.
Bottom line: When governments start hodling, you know adoption’s gone mainstream. Just don’t expect them to diamond-hand through the next bear market.
