UAE Grocery Delivery Service Accepts Crypto Payments

2022-4-22 05:14

YallaMarket, a grocery delivery platform in the UAE, announced Wednesday that they now accept crypto payments for customer orders.

While some governments evade the possibility of adopting metaverse and cryptocurrency, UAE has been an open city for crypto. 

The mass and global adoption of cryptocurrencies as payments is happening not just in Dubai but the rest of the world.

The UAE is crypto-friendly and considered to be the center of cryptocurrency in the Middle East. 

Suggested Reading | Bitcoin Investors Have ‘Low’ Financial Knowledge, Bank Study Shows

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.

Crypto, The Big Wave

The best way to ramp up is to keep a business future-proof and evergreen. Dovbenko is getting into the next big wave by adopting cryptocurrency technology into their financial transactions as early as now or even before the others jump in.

Moreover, YallaMarket is also contemplating on accepting crypto investments from future investors and partners.

BTC total market cap at $771.41 billion on the daily chart | Source: TradingView.com

For their crypto payments, YallaMarket has teamed up with CoinMena, a Bahrain-based crypto trading platform in line with their move to integrate crypto payments providing their customers convenience, speed, and flexibility.

CoinMENA’s CEO, Talal Tabbaa, is one with YallaMarket’s desire to future-proof the business by adopting digital asset classes.

Suggested Reading | Is Germany Truly The No. 1 Crypto-Friendly Country? Perhaps Not.

Expanding Territories

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.

Featured image from TechCrunch, chart from TradingView.com

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto uae payments grocery delivery adopting possibility

Источник: bitcoinist.com

crypto uae → Результатов: 117


Gofaizen & Sherle Launches A Crypto Product For UAE Market

Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto  product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE – the DMCC free zone and IFZA free zone, … Continued The post Gofaizen & Sherle Launches A Crypto Product For UAE Market appeared first on BeInCrypto.

2023-4-1 21:00


UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022.

2021-12-30 20:14


Arab Bank Partners With Tezos (XTZ) for Crypto Custody and Staking

Crypto-friendly policies in the United Arab Emirates (UAE) have been ramping up recently, with another leading financial institution making a big splash in the crypto industry. Growth for Everyone Involved Arab Bank Switzerland – the Swiss subsidiary of the Arab Bank, has partnered with the Tezos Foundation to enable institutional crypto custody, per a press […] The post Arab Bank Partners With Tezos (XTZ) for Crypto Custody and Staking first appeared on BitcoinExchangeGuide.

2021-10-6 20:11


Фото:

UAE Financial Authorities Approve Cryptocurrency Trading

The Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) have signed an agreement supporting the regulation, issuance, listing, and trading of crypto assets and blockchain-related financial activities within the DWTCA free trade zone, according to a press release on December 22, 2021. The UAE Lures Crypto Startups In a bidRead More

2021-9-24 23:00


Crypto in the UAE. TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency

On photo left to right:  Saif Al Mansouri – CEO TRES OTC DMCC, Ahmed Bin Sulayem – Executive Chairman and Chief Executive Officer of DMCC, Dmitry Krasnogor – Managing Director TRES OTC DMCC, Antony Katin – CEO SIMBA Storage, and Alexey Liakhovnenko – CEO TRES Group GmbH Back in 2020, at the Davos Summit, the DMCC (UAE Free Economic Zone) announced a strategic partnership with CV VC and CV Labs to launch Crypto Valley, the world’s largest ecosystem of cryptography, blockchain and distributed ledger in Dubai.

2021-7-20 10:58


DAO Consensus to Bring Together Digital Economy Leaders in Dubai

From March 16 to 21, Dubai (UAE) will host the Dubai DAO Consensus Summit – the largest crypto event of the spring with more than 40 major experts, entrepreneurs, investors and traders. #DUBAIDAOCONSENSUSSUMMIT is a hot week of pumping in the world of the digital economy in an online&offline format with a live broadcast and […] Сообщение DAO Consensus to Bring Together Digital Economy Leaders in Dubai появились сначала на Coinstelegram.

2021-3-17 11:49


дальше еще 68 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru