Government-backed free zone Kiklabb now accepts cryptocurrencies.

Kiklabb, the Dubai Government-owned licensing solutions, now accepts cryptocurrencies as a payment option for trade licences and visa fees. This makes it even more accessible for entrepreneurs around the world to set up and scale up in the UAE.

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Kiklabb customers can now pay for services using cryptocurrencies, including Bitcoin, Ethereum and Tether (USDt).

Kiklabb is also the first to debut a truly virtual end-to-end business setup experience. Customers can register as well as pay for Dubai trade licences remotely and with a virtual currency, using just their smartphone.

“We’ve seen growing interest in cryptocurrency, with several customers in the blockchain and fintech sectors part of the Kiklabb community. So it really was just a matter of time before we recognised Bitcoin, Ethereum and Tether. Cryptocurrencies are the payment method of the future,” said Tasawar Ulhaq, CEO of Kiklabb.

“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,” he added.

“We’re in talks with high-profile players in the cryptocurrency sector who are exploring entry into Dubai.

“In addition, we have a robust community of local and international companies associated with smart contracts, blockchain and private equity working alongside start-ups in the fields of education, healthcare, and food technology.”

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