Dubai Duty Free Welcomes Shiba Inu Payments Amidst Broader Crypto Adoption
Dubai Duty Free has become the latest retailer to accept Shiba Inu (SHIB) payments, marking another milestone in the meme token's expansion into the UAE's real economy. The move comes after Emirates Airlines introduced cryptocurrency payment options for flights last week.
The integration of Crypto.com Pay at Dubai Duty Free allows customers to use SHIB and 29 other cryptocurrencies at physical stores in DXB and DWC airports, as well as on its official website. However, the process eliminates market risks for businesses by instantly converting digital coins into UAE dirhams (AED) at current exchange rates.
The widespread adoption of crypto payment gateways across Dubai's transport hubs is part of the emirate's D33 government strategy to move up to 90% of all transactions into a cashless digital format. The integration became possible after Crypto.com received an official license from the Central Bank of the UAE to provide stored-value payment services.