Emirates Partners with Crypto.com to Revolutionize Payments

Emirates signed a memorandum of understanding with Crypto.com to integrate Crypto.com Pay into its payment infrastructure, with implementation planned for next year. The signing ceremony included top executives from both companies, aiming to provide customers with more flexibility and choice in transactions. Collaborative promotional campaigns are also in the works.

Dubai is positioning itself as a leader in crypto, with industries open to cryptocurrency payments. Tether partnered with Reelly Tech to expand the use of its USDt stablecoin in real estate transactions. The Dubai Financial Services Authority approved Ripple’s RLUSD stablecoin for virtual asset services. The city has attracted over 600 crypto companies, solidifying its position in digital finance.

Dubai’s real estate market hit new highs in May, with sales totaling 66.8 billion dirhams across 18,700 transactions, a 44% increase year-on-year. The surge coincided with a push into real estate tokenization, with several initiatives launched involving government and industry players. The Virtual Asset Regulatory Authority updated its guidelines to include provisions for real-world asset tokenization.

Read more at Cointelegraph: Emirates Signs MoU with Crypto.com to Enable Crypto Payments in 2025