Coinpayments are all the rage and here is one more business YallaMarket is stepping into the game
YallaMarket, a grocery delivery platform in the UAE, announced Wednesday that they now accept crypto payments for customer orders.
While some governments evade the possibility of adopting metaverse and cryptocurrency, UAE has been an open city for crypto.
YallaMarket, a grocery delivery platform in the UAE, announced Wednesday that they now accept crypto payments for customer orders.
While some governments evade the possibility of adopting metaverse and cryptocurrency, UAE has been an open city for crypto.
Not Only YallaMarket But UAE Integrates Crypto Payments
YallaMarket has taken a huge step towards providing alternative payment routes for its customers. Integrating cryptocurrency payments into their system is a creative and innovative effort.
Refusing to be average, YallaMarket co-founder and CEO Leo Dovbenko made a move to pioneer the implementation of cryptocurrency payments.
Currently, the company accepts stablecoins USD Coin (USDC) and Tether (USDT) as payments. They are also planning to start paying their staff with crypto.
Dovbenko is a cryptocurrency and blockchain enthusiast. A believer in this new money, Dovbenko is bent on merging the metaverse with traditional payment systems to provide customers with better options.
Crypto is a BIg Wave
The best way to ramp up is to keep a business future-proof and evergreen. Dovbenko is getting into the next big wave by adopting cryptocurrency technology into their financial transactions as early as now or even before the others jump in.
Moreover, YallaMarket is also contemplating accepting crypto investments from future investors and partners.
For their crypto payments, YallaMarket has teamed up with CoinMena, a Bahrain-based crypto trading platform, in line with their move to integrate crypto payments providing their customer’s convenience, speed, and flexibility.
CoinMENA’s CEO, Talal Tabbaa, is one with YallaMarket’s desire to future-proof the business by adopting digital asset classes.
Suggested Reading | Is Germany Truly The No. 1 Crypto-Friendly Country? Perhaps Not.
Expanding Territories
YallaMarket has also announced future initiatives to expand its reach to Qatar and Saudi Arabia.
Crypto is widely accepted in many parts of the UAE; even the government has crypto-friendly policies, to begin with.
In fact, many crypto trading platforms have mushroomed in the Emirati region, such as Binance, FTX, and BitOasis, to name a few.
Meanwhile, Emirates Airlines has also joined the bandwagon and started adopting metaverse and NFT.
Crypto adoption is rising, and there is no stopping its tempo. It’s one way to future-proof a business today.
