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YallaMarket, a grocery delivery business located in the United Arab Emirates, announced on Wednesday that it now accepts cryptocurrency payments for client orders.
Cryptocurrencies are widely recognized as a form of payment not just in Dubai, but all throughout the world.
While some governments are cautious of cryptocurrencies and the metaverse, the United Arab Emirates has been a crypto-friendly city.
The United Arab Emirates is a crypto-friendly country that is frequently referred to as the cryptocurrency capital of the Middle East.
Compensation in crypto
Payments in cryptocurrencies have been incorporated in the United Arab Emirates.
YallaMarket has taken a big stride forward in terms of giving customers a variety of payment methods. It’s a smart and innovative move for them to incorporate bitcoin payments into their system.
Leo Dovbenko, co-founder and CEO of YallaMarket, refused to be average and innovated the use of bitcoin payments. The company presently accepts payments in the stablecoins USD Coin (USDC) and Tether (USDT). They also intend to begin paying their employees in cryptocurrency.
Future projects
Maintaining a business that is future-proof and evergreen is the best approach to ramp up. Dovbenko is anticipating the next big thing by introducing bitcoin technology into their financial transactions as quickly as possible, possibly ahead of the rest of the business.
Dovbenko is a cryptocurrency and blockchain enthusiast.
Dovbenko, a proponent of the new currency, is attempting to combine the metaverse with traditional payment systems so that customers have more options.
In addition, YallaMarket is considering taking cryptocurrency investments from future investors and partners.
YallaMarket has partnered with CoinMena, a Bahrain-based crypto trading platform, for their crypto payments, as part of their move to incorporate crypto payments to provide their consumers with convenience, speed, and flexibility.
Talal Tabbaa, the CEO of CoinMENA, shares YallaMarket’s goal to future-proof the firm by embracing digital asset classes.
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UAE : heaven for digtal assest
YallaMarket has also stated that they intend to expand its presence in the future to Qatar and Saudi Arabia.
The UAE accepts cryptocurrencies in many places, and the government has crypto-friendly rules, to begin with.
Binance, FTX, and BitOasis, to name a few, are among the many crypto trading platforms that have shown up in the Emirati territory.
In the meantime, Emirates Airlines has joined the metaverse and NFT bandwagon.
Crypto usage is on the rise, and it shows no signs of slowing down. It’s one approach to ensure a company’s future success now.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
