Experts in the UAE foresee a significant rise in the use of cryptocurrency for everyday transactions, including buying coffee and paying for petrol. According to Khaleej Times, Mohammed Al Hakim, president of Crypto.com, stated that within the next two years, many business owners, restaurant operators, and high-net-worth individuals are likely to favor cryptocurrency as a payment option.

At the Sharjah Entrepreneurship Festival, Al Hakim emphasized that the evolving crypto market is attracting more interest from businesses and individuals eager to transact using digital currencies. He said, “When a customer wants to pay in crypto and a coffee shop is open to accepting it, it’s a win-win situation. This will drive the seamless integration of crypto payments.”
The UAE has emerged as one of the fastest-growing markets for cryptocurrency adoption, bolstered by its progressive regulatory framework and commitment to digital transformation. Al Hakim noted that the number of crypto traders and users in the UAE is increasing daily, predicting that the user base could double in the next five years. He highlighted the government’s dedication to digitalization, asserting that cashless initiatives will soon dominate the market, with cryptocurrencies playing a pivotal role in this evolution.
Despite the optimistic outlook, Al Hakim advised potential investors to approach cryptocurrency investment with caution. He warned, “If you’re planning to invest in crypto, do so wisely — don’t put in everything you have.” He reassured investors by stating that the UAE is one of the safest locations for holding digital assets due to its robust regulatory measures.
Security remains a critical issue in the digital asset landscape, yet Al Hakim asserted that crypto platforms in the UAE rank among the most secure globally. He mentioned that security is a top priority, stating that in the past two years, crypto adoption in the UAE has surged by 360 percent. With the UAE establishing itself as a global hub for cryptocurrency trading and digital payments, experts predict that using crypto for everyday necessities will soon be a common practice.
Al Hakim concluded, “With businesses and consumers increasingly embracing digital currencies, a fully cashless economy is no longer a distant future.”
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