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Dubai Government-Owned Licensing Solutions Accepts Crypto

Dubai Government-Owned Licensing Solutions Accepts Crypto
  • UAE-based government-owned licensing solutions, Kiklabb started to accept crypto payment
  • Crypto can now be used as payment for trade licenses and visa fees in the UAE
  • Kiklabb CEO says interest in crypto is growing in the country

Crypto can now be used as a payment option for trade licenses and visa fees in Dubai, UAE. Recently, crypto started to be accepted by businesses offering business setups in the country. Now, even the government jumped into the bandwagon.

In a report published in the Khaleej Times, Tasawar Ulhaq, the CEO of Kiklabb, mentioned that interest in crypto has been growing in the country.

We’ve seen growing interest in cryptocurrency, with several customers in the blockchain and fintech sectors part of the Kiklabb community,” he said.

Kiklabb offers truly remote business set-up solutions. With this service, users can register their trade licenses and pay remotely with only their smartphones.

Ulhaq was also confident that they will not be the last government-owned entity that will start to adopt blockchain and crypto.

According to Ulhaq,

We’re the first government-owned licensing entity in the UAE to accept cryptocurrency payments, and certainly not the last.

With this service, it’s now more accessible and easier to start a business in the UAE. Enabling crypto payments also revolutionizes the way payments are made.

Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.