Dubai Government Licensing Entity Now Accepts Bitcoin for Payments
A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues trade and other licenses as well as processes visas. The entity also leases office space to its customers on-board the Queen Elizabeth 2 cruise liner anchored at Port Rashid in Dubai. Payments for these and other services can now be made in bitcoin (BTC), the Gulf News reported on Feb. 16. Tasawar....
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Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments. According to a report by Arab News on Tuesday, clients of Dubai government-owned licensing firm Kiklabb can now pay for visa fees and trade licenses via cryptocurrencies.The supported crypto payment options are Bitcoin (BTC), Ether (ETH) and Tether (USDT).Commenting on the move, Kiklabb CEO Tasawar Ulhaq said that the decision was in line with the growing appeal of crypto payments in the fintech arena, adding:“It really was just a matter of time before we recognized Bitcoin,....
The free zone accepts payments in bitcoin, ether and the tether stablecoin.
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