Crypto.com’s New Partnership:- The adoption of crypto payments for real-world utilities is growing fast particularly in MENA region.
Dubai’s Virtual Assets Regulatory Authority is also making significant progress in granting and making regulatory approvals to the web3 entities.
In another groundbreaking move, crypto.com has announced a major partnership with a government entity of the region.
The leading crypto exchange that got greenlight to trade in Dubai last year, will now provide crypto Payments service in fuel stations across the region.
Crypto.com has announced an “innovative partnership” with the leading petroleum company, Emirates. As the leading UAE government owned petroleum corporation, fuel stations across UAE will have now access to Crypto payments.
Interestingly, before announcing the partnership, crypto.com made an a mysterious post. With a picture of gas station, it posted “there will be signs”.
https://x.com/cryptocom/status/1920312972129214877
Crypto Payments for Fuel Stations Across UAE – See How
Emarat, officially known as Emirates General Petroleum Corporation, is a prominent state-owned energy company in the United Arab Emirates (UAE).
Since its establishment in 1980 by the UAE government, it has become leading distributor of petroleum products across the nation.
With its crypto.com partnership, customers will be able to pay for fuel and other services using cryptocurrencies, including XRP, through the Crypto.com platform.
According to the press release, crypto payments will initially roll out at 10 Emarat service stations. Based on the success and consumers’ reception, it plans to expand across the company’s network of over 155 stations.
Thus, at Emarat’s Crypto.com‑enabled service stations, payments will be processed via Crypto.com Pay. This means that you can pay with any of the cryptocurrencies supported by that checkout solution.
As of today, Crypto.com Pay allows customers to settle purchases using these cryptos on the Crypto.com App:
1. Major coins: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Dogecoin (DOGE), Litecoin (LTC)
2. Stablecoins: USD Coin (USDC), Tether (USDT), Dai (DAI), PayPal USD (PYUSD)
3. DeFi & altcoins: Cronos (CRO), Wrapped Bitcoin (WBTC), Polygon (MATIC), Cardano (ADA),
Boost for Adoption of Crypto Payments
This collaboration marks the first integration of digital asset services at fuel stations in the region, reflecting the UAE’s progressive stance on cryptocurrency adoption.
This will provide greater convenience and flexibility for consumers. It also aligns with UAE’s vision of becoming a global hub for digital innovation.
Emarat operates a comprehensive network of service stations and fuel depots will be able to pay in crypto.
The post Crypto.com Partners to Bring Crypto Payments to UAE Fuel Stations appeared first on CoinGape.
