One of the world’s most extravagantly sun-drenched cities, Dubai, is now bent on becoming so cashless that even your wallet will feel unnecessary. Yes, the city that once built a ski slope in a shopping mall (because why not?), is now allegedly adding “financial innovation” to its resume—on top of “most creative reasons to own a Lamborghini”. 🏎️💸
During a FinTech summit that probably had more suits than a tailor’s convention, Dubai’s top officials shook hands with folks from Crypto.com (imagine cheers, polite clapping, and an afterparty featuring at least one DJ who wears sunglasses indoors). Together, they kicked off what can only be described as a governmental crypto love affair. The idea? Pay for all your paperwork, parking fines, and possibly overdue library books by using stablecoins, while Crypto.com works feverishly behind the scenes converting your newfangled money into Emirati dirhams—because taxmen generally prefer their currency to not fluctuate by 30% before lunch.
The emirate’s plan? Hit a 90% cashless rate by 2026, ensuring you’ll only ever need cash for vending machines or bribing your cat. This masterstroke is part of the D33 Economic Agenda—which, if you’re wondering, is apparently not a Star Wars droid, but is forecasted to pump AED 8 billion into Dubai’s economy every year. Or roughly what it takes to build a small moon out of gold-plated skyscrapers.
Crypto.com’s UAE boss, Mohammed Al Hakim, and Dubai’s Ahmad Ali Meftah, are both giddy about revolutionizing the humble act of paying government fees. Expect words like “efficient,” “transparent,” and “inclusive” thrown around—because nothing says progress like paying your parking ticket from your phone while sipping a $15 latté next to a robot. 🤖☕
The news first appeared in Bitcoin Magazine, making everyone else wonder if this is Dubai’s way of reminding us they were already living in the future—the rest of us just didn’t get the memo. All in, it’s your basic tale: city wants to be Blade Runner, but with more sand and fewer replicants.
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2025-05-13 12:50