YallaMarket, an emirate-based grocery delivery service, said on Wednesday that it would now accept cryptocurrency payments for client orders.
The United Arab Emirates (UAE) has been a leader in the adoption of bitcoin and the metaverse. It’s not only Dubai that’s seeing a surge in the use of cryptocurrency as a form of payment. The United Arab Emirates (UAE) is one of the most crypto-friendly countries in the Middle East.
Crypto Payments are now accepted in the UAE
Customers of YallaMarket may now choose from a variety of payment options. It’s a creative and innovative move for them to include bitcoin payments into their system.
Leo Dovbenko, CEO and co-founder of YallaMarket, refused to be ordinary and pioneered the use of bitcoin payments.
Stablecoins USD Coin (USDC) and Tether (USDT) are now accepted as payment methods by the firm. They also aim to pay their employees in cryptocurrency.
Cryptocurrency and blockchain are two of Dovbenko’s favourite topics. Dovbenko, a firm believer in the metaverse’s new money, is committed to integrating it with conventional payment methods in order to provide consumers with more choices.
The Great Crypto Wave
It’s essential to maintain a firm sustainable and scalable so that it may grow with the times. As soon as possible or perhaps before others, Dovbenko is implementing bitcoin technology into their financial activities to be ahead of the game.
Additionally, YallaMarket is considering taking cryptocurrency investments from future investors and partners.
The YallaMarket team has linked up with Bahrain-based cryptocurrency trading platform CoinMena to integrate crypto payments for its consumers, offering them ease of use, speed, and adaptability.
Talal Tabbaa, CEO of CoinMENA, shares YallaMarket’s ambition to integrate digital asset classes as a means of future-proofing the firm. Future plans have been made to increase YallaMarket’s reach in Qatar and Saudi Arabia.
Even the government of the UAE has crypto-friendly legislation, to begin with, therefore crypto is generally welcomed across the country. In reality, there are a number of cryptocurrency trading platforms in the Emirati territory, including Binance, FTX, and BitOasis.
As a result, Emirates Airlines has also begun using metaverse and NFT. As crypto acceptance continues to grow, there is no way to slow its momentum. There are several ways to ensure a company’s long-term viability.