Dubai plans to utilize the Blockchain technology for all its transactions by year 2020 through the use of Dubai Blockchain Strategy.
It might be interesting to note that those running the affairs of Backpack Exchange intend to take a cue from FTX.
In addition to adding support for crypto payments, Damac Properties will invest as much as 367 million UAE dirhams ($100 million) in its new Metaverse project that aims to build virtual cities.
Dubai is to become the world’s first city that provides its residents with an opportunity to enjoy blockchain-based payment solutions.
Dubai plans to utilize the Blockchain technology for all its transactions by year 2020 through the use of Dubai Blockchain Strategy.