Dubai Is Embracing Cryptocurrency To Double Its Economy
Just another day with a wonderful news from Dubai to the crypto community. It’s great and wonderful to see some countries giving freedom to trade cryptocurrencies without antagonizing it. Dubai is known to embracing and adopting new technologies really fast. Dubai won’t be where they are if they didn’t do that. Now Dubai is one of the most visited places in the world. Being a country that makes most of its money from tourism, accepting cryptocurrencies or making it tradable in the country easily is a very wise decision.
The crypto community have the most supportive communities in the world. Lots of people have seen their businesses strive even better after accepting cryptocurrency. We can see that from the tweet made by the CEO of AMC. He was so fascinated by the turn out he got from the tweet he made regarding making Dogecoin an acceptable token in the cinema. The tweet he made about Dogecoin was his most engaged and read tweets with over 4 million views. We have seen what happened with the deodorant AXE. After creating a special Doge can for the AXE deodorant, the doge community was happy and bought a lot. So don’t be surprised to see lots of cryptocurrency enthusiasts visiting Dubai more because cryptocurrencies has gotten the free pass to be traded there.
Imagine a cryptocurrency zone in the Dubai airport, where everyone can book flights with cryptocurrencies and it’s highly acceptable. The Dubai airport is one of the busiest locations in the country with people taking flights to travel around the world. This means that Dubai is on its journey to doubling its economy.
This also means that businesses will be given approval and licenses for financial activities that are related to cryptocurrencies. This is just opposite to what the Nigerian government did. The Nigerian government claimed that the decision to ban financial institutions from transacting crypto related transactions was to increase the value of naira. Unfortunately the reverse was the case and we the citizens knew that this was going to happen. It’s funny how the government take decisions for the country and you know fully well that this decision is a disaster but the government doesn’t care.
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