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Image result for Clients of a Dubai-based company can now pay the visa application and trade license fees electronically.

Kiklabb is the government-owned organization that helps people start a company in Dubai. According to the report, Kiklabb’s customers can now pay in Bitcoin, Ethereum, or Tether to obtain a commercial license.

Tasawar Ulhaq, CEO of Kiklabb believes that the decision to accept cryptocurrencies as a form of payment is in response to a growing interest in cryptocurrencies, especially the growing number of customers. come from the blockchain and fintech sectors in the region.

Through the new payment method, Ulhaq believes that entrepreneurs around the world have more access in the UAE.

“It really was just a matter of time before we recognized Bitcoin, Ethereum, and Tether. Cryptocurrencies are the payment method of the future,” Ulhaq added.

In addition, thanks to the method of Kiklabb, the modern payment system in the UAE has been applied to other businesses here.

“We’re the first government-owned licensing entity in the UAE to accept cryptocurrency payments, and certainly not the last. With the technology rapidly gaining traction across the Middle East, I’m eager to see how it changes the way we do business in the near future,”

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