[ad_1]
© Reuters.
Investing.com – In a new indication of corporate governments accepting cryptocurrencies as a method of payment, a government company in Dubai has announced that it will accept payments through certain cryptocurrencies.
KIKLABB, a Dubai Free Zone licensing provider, said it would accept cryptocurrencies as a way to pay for the company’s services.
It comes just after Virtuzone, a commercial licensing provider, also announced that it will accept cryptocurrencies as a method of payment.
Virtuzone and KIKLABB have a partnership dating from June 2020.
KIKLABB said cryptocurrencies, including and for, can now be used to pay for business license fees and visa fees.
The company added that this was part of a step designed to encourage entrepreneurs to establish and grow their investments in the UAE.
We have seen a growing interest in cryptocurrencies from many clients in the blockchain and fintech industries, said the CEO of KIKLABB.
So it was only a matter of time before we recognized currencies like Bitcoin, Ethereum, and Tether.
Cryptocurrency is the payment method of the future, said the CEO of KIKLABB, noting that KIKLABB has partnered with some industry leaders to enable this solution.
According to Arabian Business, the CEO of the company said that KIKLABB is in talks with leading players in the cryptocurrency industry who are exploring entry to Dubai.
In addition, we have a strong community of local and international companies related to smart contracts, blockchain and private equity working alongside startups in education, health and food technology ”, said the CEO of the company.
KIKLABB is a company owned by the Ports, Customs and Free Zone Corporation (PCFC), a Dubai government organization that works to unify and strengthen the role of subsidiaries.
Its constituent entities are Dubai Customs, Dubai Port Authority, Jafza, Dubai Maritime Authority, Trakhees, Global Customs, P&O Ports, DUTECH, PCFC Security and PCFC Investment.
And after Tesla (NASDAQ 🙂 by US business mogul Elon Musk bought around $ 1.5 billion worth of Bitcoin
U.S. bank Morgan Stanley (NYSE 🙂 is considering investing in bitcoin, as Counterpoint Global, a Morgan Stanley subsidiary, which manages $ 150 billion in assets, investigates whether digital currency is a good option for investment for investors.
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.
[ad_2]
Source link
