YallaMarket, an emirate-based grocery delivery service UAE , revealed on Wednesday that it now accepts cryptocurrency payments for client orders.
While some governments are wary of adopting metaverse and cryptocurrencies, the UAE has been a crypto-friendly city.
Not only in Dubai, but around the world, cryptocurrencies are being widely accepted as a form of payment.
The United Arab Emirates is a crypto-friendly country that is often regarded as the Middle East’s cryptocurrency capital.
UAE Integrates Crypto Payments
YallaMarket has taken a huge step towards providing alternative payment routes for their customers. Integrating cryptocurrency payments into their system is a clever and innovative effort.
Refusing to be average, YallaMarket co-founder and CEO Leo Dovbenko made the move to pioneer the implementation of cryptocurrency payments.
The company currently accepts stablecoins USD Coin (USDC) and Tether (USDT) as payments. They are also planning to start paying their staff with crypto.
Dovbenko is a cryptocurrency and blockchain enthusiast. A believer in this new money, Dovbenko is bent on merging the metaverse with traditional payment systems to provide customers better options.
YallaMarket has also announced future initiatives to expand their reach to Qatar and Saudi Arabia.
Crypto is widely accepted in many parts of UAE, even the government has crypto-friendly policies to begin with. In fact, many crypto trading platforms have mushroomed in the Emirati region such as Binance, FTX, and BitOasis, to name a few.
Meanwhile, Emirates Airlines has also joined the bandwagon and started adopting metaverse and NFT.
Crypto adoption is on the rise and there is no stopping its tempo. It’s one way to future-proof a business today.
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