Dubai’s Department of Finance (DOF) plans to use cryptocurrencies to process payments for government services in the emirate. In the days to come, residents of Dubai will be able to pay for government services using cryptocurrencies. On Tuesday, May 13, the DOF announced a partnership with Crypto.com, onboarding it as the crypto payment facilitator. Dubai authorities see the move as a significant step towards advancing its digital finance capabilities. Senior members from the DOF were present during the signing of the MoU with Crypto.com. The development was announced at the sidelines of the ongoing Dubai FinTech Summit. In its announcement, the DOF said Dubai was transitioning into a fully digital economy. The regulators there view cryptocurrencies as a secure and efficient way to complete financial settlements. “Collaboration between the public and private sectors plays a vital role. Through strategic partnerships, we remain dedicated to establishing a sustainable financial model that empowers individuals and businesses, cementing Dubai’s leadership in financial technology,” said Ahmad Ali Meftah, executive director of the Central Accounts Sector at DOF. The move …