Food delivery service based in UAE is accepting crypto

YallaMarket, a grocery delivery platform in the UAE announced this week that they now accept crypto payments for customer orders.

The company will allow its employees to receive all or part of their salaries in Bitcoin or other cryptocurrencies. This move comes as more and more businesses are beginning to explore the potential of cryptocurrency for making payments

YallaMarket payment system accepts stable coins USDT (Tether) and USDC.

They also are considering to expand their business to Qatar and Saudi Arabia.

UAE, a crypto-friendly country

UAE has been a crypto-friendly country for long time and more businesses are accepting cryptocurrencies as payment methods. According to YouGov, mostly their citizens are interested in investing in crypto. The UAE is one of the most forward-thinking countries when it comes to cryptocurrency adoption. This country has been working on a regulatory framework for cryptocurrency and blockchain technology since 2018. And in 2019, the UAE’s Securities and Commodities Authority (SCA)  issued new regulations for banks and financial institutions working with cryptocurrency businesses. These new regulations provide clarity and certainty for businesses and investors operating in the burgeoning cryptocurrency space.

it’s also home to a number of leading cryptocurrency exchanges, such as BitOasis and Abu Dhabi-based Rain. With its clear regulatory framework and strong infrastructure, the UAE is well placed to become a leading global hub for cryptocurrency trading and innovation.

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The article’s writer Noah Jones did not hold any positions in assets or companies mentioned in this article on the date of publication. His opinions are articulated herein, and the reader accepts that some opinions could change as a result of newer information being revealed.

Noah Jones

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