Yalla Market, a Grocery Delivery Service, Accepts Cryptocurrency Payments Now

Dubai Has Been Bullish on Crypto

YallaMarket has taken a significant step in providing clients with different payment options. Adding cryptocurrency payments to their system is a smart and innovative move. Presently, the company accepts payments in the stablecoins USD Coin (USDC) and Tether (USDT). They also intend to begin paying their employees in cryptocurrency.

Furthermore, it will pay salaries in digital assets in the future, thanks to contributions from its partners and investors in the Middle East and North Africa (MENA) area.

YallaMarket teamed with CoinMena, a digital assets exchange licensed by Bahrain's Central Bank, to create a new payment mechanism.

Dubai Has Been Bullish on Crypto

More inhabitants in the Middle Eastern country are receptive to transacting in digital currencies within the next five years, according to YouGov statistics, motivating YallaMarket and a rising number of firms in the UAE to include crypto payments.

The government has responded by enacting crypto-friendly legislation and regulations to the rising demand for crypto, NFTs, and metaverses. Several large cryptocurrency exchanges, including FTX, Binance, and BitOasis, have opened offices in the UAE.

As part of the UAE's cryptocurrency drive, Emirates Airline, the country's flag airline, recently entered the NFT and metaverse realm. Large crypto mining companies are also encouraged to flourish in the UAE due to the availability of energy resources.

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