“You will be able to do more with cryptocurrency than with Dirham and Dollar,” Says Crypto.com UAE Head

The newly appointed President of Crypto.com UAE, Mohammed Al-Hakim, predicts that digital assets might surpass traditional currencies in daily use cases with the rise in crypto adoption in the region. He believes that within the next two years, people will be able to do more with cryptocurrency than with the dirham and dollar.

Hakim’s appointment as President of Crypto.com in the UAE is significant as he is the first GCC and Emirati national to assume a senior role in a global crypto exchange. This move is expected to help Crypto.com navigate its expansion in the Gulf region.

On another front, ACET and Saif Belhasa Holding have forged a partnership to integrate blockchain technology into various sectors like real estate, automotive, retail, and hospitality. This collaboration aims to make cryptocurrency a mainstream financial tool in the UAE and beyond.

In addition, DU, a telecommunications giant in the UAE, has incorporated cryptocurrencies into its payment options. Customers can now settle their bills using cryptocurrencies through Du’s fintech platform. This decision reflects the growing acceptance of digital currencies in the region.

Overall, these developments highlight the increasing integration of cryptocurrencies and blockchain technology into various industries in the UAE, signaling a shift towards a more digital economy.