Dubai is slowly turning into a cryptocurrency hub as leading firms are beginning to accept digital assets as payment. From accepting cryptocurrencies at grocery stores to luxury car showrooms and clothing line outlets, Dubai is walking the talk. The UAE government has been venturing into the Web3 and Metaverse spheres, giving businesses confidence that the future of finances could be cryptocurrencies.
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Dubai: Buying Groceries With Cryptocurrency
Dubai’s most popular and affordable grocery store chain, “Day to Day,” announced that it would accept cryptocurrency as payment last year. Khaleej Times reported that the grocery chain accepts Bitcoin, Ethereum, and other cryptocurrencies not only in Dubai but all over the UAE.
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The supermarket has in-store POS machines that allow customers to initiate cryptocurrency payments. Their online website also accepts cryptocurrency, and customers can get their groceries delivered to their residences.
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Buying Luxury Cars With Digital Assets
Cryptoexchange.ae is making it possible for customers to purchase luxury cars with cryptocurrencies such as Bitcoin and Ethereum.
The firm is collaborating with luxury car brands and watchmakers, giving customers the option to pay through digital assets. Luxury brands, such as Hummer, Bugatti, and Ferrari, among others, are available for purchase with Bitcoin on the website.
While grocery stores cater to the working class, luxury cars attract the rich. Therefore, Dubai perfectly balances the payment options for all classes of people by giving them the option to pay via cryptocurrency.
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Apart from grocery stores and luxury cars, an Indian restaurant in Dubai named The Bhukkad Cafe also announced that it would accept cryptocurrencies. Millennials and Gen Z are its customer base, and they don’t mind paying for their food and drinks with digital assets.