Good news for Crypto.com. The financial authorities in the UAE announced they will be collaborating with Crypto.com to allow citizens to make payments in crypto for government services. This is part of their big cashless society plan that that has a landmark of 2026 (just next year). They are in such a hurry to get going with crypto that this project isn't even being piloted. It is being implemented straight away - no gloves, no training wheels.

XRP, via Ripple, appears poised to greatly benefit from this. First of all Ripple has been granted a license to offer payments services in the UAE. XRP is also the first (if not the only) "properly regulated" token in that part of the world. As such, it seems a no-brainer that the XRP Ledger will be providing the underlying technology for this project. It's purpose-built for payments and can also serve as a bridge currency since the government will be receiving local fiat currency, regardless of the crypto the payer pays in.

It looks like a good day for Crypto.com. They are bouncing back finally from the slump of the brutal bear market past. Their token $CRO is still nowhere near it's all time high and represents a pretty good opportunity in my opinion (NFA).

Rread about it here

Peace & Love,

Adé